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SB 509: the moment when all hope for the future of Missouri died (May 6, 2014)

The final vote to override Governor Jay Nixon’s veto of SB 509. Representative Jeremy LaFaver (D) (left) – bearing witness, Representative Keith English (center) – casting the 109th vote necessary for the override, and Representative Ron Hicks (r) (right) – his escort on and off the House floor. May 6, 2014.

For a nicer office location.

This won’t be the last story on SB 509 (May 9, 2014)

….Moreover, the revenue triggers in the legislation only apply until the tax cuts are fully phased-in. After that time, under the legislature’s own estimates, there would be at least $620 million less in general revenue available each and every year, regardless of whether revenue collections are going up or down. In addition, the legislation’s annual cost would continue to grow above the legislature’s $620 million annual estimate because the income bracket adjustments in the bill for increases in the consumer price index would continue indefinitely. See Section 143.011.3. This provision alone would result in an additional $128 million in annual revenue reductions ten years after the legislation is fully phased-in, increasing each year in perpetuity….

That was then, this is now:

Governor Mike Parson @GovParsonMO
Between now and June 31st, we are estimating an over $500 million shortfall.

We have had to take a hard look at our budget and make some very difficult decisions.
3:11 PM · Apr 1, 2020

Governor Mike Parson @GovParsonMO
*June 30th
4:18 PM · Apr 1, 2020

Yep. Really rich people got a big windfall in 2014. Now what?

Governor Mike Parson (r) [2018 file photo].