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Governor's tax plan defeated

September 11, 2003
By: Josh Hinkle
State Capital Bureau

Gov. Holden expressed disappointment today over the legislative defeat of his education tax plan. Josh Hinkle has the story from Jefferson City.

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The Senate Ways and Means Committee destroyed any hope of Gov. Holden's tax plan passing through Missouri's latest special session.

The governor sought to eliminate four tax breaks--primarily affecting businesses--to provide additional funding for education.

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Contents: I'M SADDENED THIS MORNING TO LEARN THAT THE SENATE WASN'T EVEN GOING TO TAKE UP ANY OF MY PROPOSALS TO CLOSE CORPORATE LOOPHOLES FOR THE CHILDREN IN THE STATE OF MISSOURI. IT'S TOO BAD THAT THEY'RE PUTTING OTHER INTERESTS BEFORE SCHOOL CHILDREN.
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But the governor says he won't give up the fight for education funding in Missouri.

The plan failed twice earlier this year and could've raised up to $80 million a year.