STATEMENT: Missouri Lawmakers Pass Capital Gains Tax Giveaway

Progress MO released the following statement by Communications Director Abbey Schoenrade in response to the passage of House Bill 594 which will exempt capital gains from state income tax.  

“The Missouri Legislature just voted to hand out nearly $300 million a year in tax breaks to the wealthy.

“This tax cut is a gift to the rich and a gut punch to everyone else. Missourians deserve a government that invests in its people, not one that undermines our future or takes resources away from working people to please wealthy donors. This is not fiscal responsibility. It’s economic sabotage, and Missourians will pay the price.

“At a time when families are stretched thin and our schools, health care programs and basic services need funding, conservative lawmakers in Jefferson City are prioritizing those who need help the least. The passing of this legislation clearly indicates who they’re really working for, and it’s not the people of Missouri.”