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MO SEN ADAM SCHNELTING: Amendment 7 & Show-Me Prosperity Fund
Marc Cox and Kim St. Onge host Missouri State Senator Adam Schnelting (R-District 23) to review state ballot measures, focusing on proposed Amendment 3, Amendment 6, and Amendment 7. Schnelting details the mechanics of Amendment 7, which proposes creating the Show-Me Prosperity Fund, a permanent public endowment fund designed to accumulate compound interest in S&P 500 index investments over multiple generations. Schnelting explains that once the fund generates sufficient annual returns to cover state tax revenues, the legislature would be required to eliminate state-imposed individual income…
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