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Statement from David Overfelt--the president of the Missouri Retailers Association--in:
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9.2 format
(41 seconds)
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(OVERFELT):
"WE SUPPORT 'AMENDMENT THREE'--THE EARLY-CHILDHOOD-EDUCATION ISSUE, ON THE NOVEMBER-BALLOT.
THE AMENDMENT WOULD CREATE LONG-TERM ECONOMIC-BENEFITS, BY STRENGTHENING EARLY EDUCATION.
BUT, THERE'S EVEN MORE AT STAKE, FOR OUR ECONOMY: MISSOURI HAS LOST OUT ON
MILLIONS OF DOLLARS, IN TOBACCO-SETTLEMENT REVENUE--DUE TO A SWEETHEART-DEAL THAT SOME TOBACCO-MANUFACTURERS ENJOY.
'AMENDMENT THREE' WOULD ELIMINATE THAT SUBSIDY. SO, WHILE THE AMENDMENT WOULD RAISE
300-MILLION DOLLARS, A YEAR, FOR 'PRE-K' EDUCATION--BY PHASING IN A REASONABLE INCREASE TO THE
CIGARETTE-TAX--IT WOULD ALSO CREATE A FAIR RETAIL-MARKETPLACE, IN MISSOURI."
