{"id":8779,"date":"2026-02-24T15:13:15","date_gmt":"2026-02-24T21:13:15","guid":{"rendered":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/"},"modified":"2026-02-24T15:13:15","modified_gmt":"2026-02-24T21:13:15","slug":"missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes","status":"publish","type":"post","link":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/","title":{"rendered":"Missouri senator proposes creating investment fund to eliminate all state taxes"},"content":{"rendered":"
\"\"
\n

State Sen. Adam Schnelting, a Republican from St. Charles, speaks in March at a Missouri Right to Life rally in the Missouri State Capitol Building in March 2025 (Annelise Hanshaw\/Missouri Independent).<\/p>\n<\/figcaption><\/figure>\n

When state Sen. Adam Schnelting and his wife ran the numbers on how much money their investments could generate for their grandchildren and great-grandchildren, he began to think about how Missouri\u2019s government could utilize investing, too.<\/p>\n

\u201cWe began to realize how powerful compound interest was,\u201d Schnelting said. \u201cSo I got to thinking, \u2018Why are we taxing ourselves over and over again? Why don\u2019t we apply this to government as well?\u2019\u201d<\/p>\n

<\/div>\n

Schnelting<\/a>, a St. Charles Republican, has spent the last year developing a proposal for a state investment fund, the \u201cShow-Me Prosperity Fund,\u201d that he hopes will eventually generate enough revenue to replace all state taxes.<\/p>\n

\u201cI want to reimagine how we fund government,\u201d Schnelting said. \u201cAs it pertains to state taxation, I want to move the government from the \u2018taker\u2019 column and put it in the \u2018caretaker\u2019 column.\u201d<\/p>\n

If it is put on the ballot by the legislature and then passed by voters, Schnelting\u2019s bill, Senate Joint Resolution 95<\/a>, would enshrine the fund in the Missouri Constitution. The legislature would then appropriate money into it over the course of decades, during which time the state treasurer would invest the money.<\/p>\n

In the first version<\/a> of the bill, the treasurer was directed to specifically invest in \u201cexchange-traded funds tracking the stock performance of the (S&P) 500.\u201d That language was removed in a substitute version<\/a>, but Schnelting told The Beacon he still envisions it investing in ETFs.<\/p>\n

When the treasurer says there is sufficient money in the fund to do so, the state would begin to eliminate taxes, using up to 2% of the fund\u2019s five-year average value every year to replace that revenue.<\/p>\n

\u201cMy hope is that in, say, 100 years from now, or 125 years from now, Missouri doesn\u2019t tax its citizens whatsoever \u2014 at all,\u201d Schnelting said. \u201cAll taxes, whether of income, corporate income, sales and use, the state portion of the personal property tax or the real estate tax, all of them will be gone. That\u2019s the goal.\u201d<\/p>\n

<\/strong><\/p>\n

The larger debate<\/h4>\n

\t<\/p>\n

Schnelting\u2019s proposal comes as Gov. Mike Kehoe and Republicans in the legislature, including Schnelting himself, push to eliminate the state\u2019s individual income tax.<\/p>\n

In his State of the State address<\/a> in January, Kehoe tied Missouri\u2019s \u201caverage at best\u201d economic growth to the state tax code.<\/p>\n

\u201cIf we are serious about building a foundation for growth, to compete rather than be complacent, then we must begin the work now to phase out and eliminate Missouri\u2019s individual income tax,\u201d he said.<\/p>\n

During his speech, Kehoe proposed a plan to gradually eliminate the income tax while replacing it with an expanded sales tax. House Speaker Jon Patterson, a Republican from Lee\u2019s Summit, is sponsoring a bill that lays out more details of the shift<\/a>.<\/p>\n

Democrats and other critics of the proposal say it will increase the tax burden for 60% to 80% of Missourians<\/a> and disproportionately impact lower-income residents because more of their income is used for consumer spending.<\/p>\n

Schnelting said eliminating the income tax is a priority for him and other Republicans because \u201cone of the most heinous taxes \u2026 is the taxation of our labor.\u201d<\/p>\n

That\u2019s why, under his proposal, the fund would first replace the personal income tax, followed by the sales and use tax, corporate income tax and other state-imposed taxes.<\/p>\n

<\/strong><\/p>\n

What is a sovereign wealth fund?<\/h4>\n

\t<\/p>\n

Schnelting said the fund would be \u201cessentially a sovereign wealth fund,\u201d a government-owned investment fund of a type utilized by governments across the United States and world.<\/p>\n

There are more than 100 sovereign wealth funds<\/a> around the globe. Moreover, 14 states<\/a> \u2014 Alabama, Alaska, Colorado, Hawaii, Idaho, Louisiana, New Mexico, North Dakota, Oklahoma, Texas, Utah, West Virginia, Wisconsin and Wyoming \u2014 manage one.<\/p>\n

\n
\"map<\/div>\n
\n

Most sovereign wealth funds are supported by revenue from natural resources like oil, gas or minerals. But some are funded with budget surpluses, including surplus tax revenue<\/a>.<\/p>\n

Patrick Tuohey, a senior fellow at the conservative Show-Me Institute, said he found Schnelting\u2019s proposal \u201cnovel\u201d in part because the government would have to use taxpayer dollars to seed it.<\/p>\n

\u201cThis appears to be a sovereign wealth fund-type thing, except there is no source of revenue. For example, Alaska has oil revenues external to the state budget,\u201d Tuohey said. \u201cThis looks like a sovereign wealth fund, but it would have to be funded by taxes.\u201d<\/p>\n

That presents a problem, given the state\u2019s current budget woes, Tuohey said.<\/p>\n

In June 2023, Missouri saw a peak budget surplus of nearly $8 billion<\/a>. But after several years of outspending incoming revenue and using the surplus to make up the difference, the state is facing an estimated $1 billion shortfall<\/a> in fiscal year 2027, according to a statement released by the governor\u2019s office.<\/p>\n

\u201cYou can set this up now, but I don\u2019t imagine that the legislature, in the next few years, would be willing to set aside revenue that they can\u2019t touch for 100 years when they\u2019re having a budget crunch presently in order to provide basic services while reducing income taxes,\u201d Tuohey said.<\/p>\n

It\u2019s also a heavy lift, he said, because \u201cit requires a level of discipline that the Missouri legislature has not demonstrated in the past\u201d when investing in pension funds.<\/p>\n

Even if the fund were successfully created and funded for several years or decades, \u201cit\u2019s unlikely that future legislatures would, in a time of crisis, not just raid the lockbox for their present needs,\u201d Tuohey added. \u201cNo legislation by a legislature can bind the hands of future legislatures.\u201d<\/p>\n

<\/strong><\/p>\n

\u2018Because the market works\u2019<\/h4>\n

\t<\/p>\n

States and foreign countries with sovereign wealth funds have used their funds\u2019 income to \u201csmooth out fluctuations in the budget,\u201d but not to cover the entirety of their spending, said Tad DeHaven, a policy analyst at the libertarian Cato Institute.<\/p>\n

While other states use sovereign wealth fund earnings to fund part of their state budgets, support schools or pay dividends to qualifying residents, none has explicitly used those earnings to directly eliminate and replace a specific tax.<\/p>\n

Asked whether he was confident his fund could successfully replace taxes given that it hasn\u2019t been done elsewhere, Schnelting said he was, \u201cbecause the market works.\u201d<\/p>\n

\u201cWe just need to learn the power of compound interest and utilize it,\u201d he said. \u201cI think we need to think outside the box, and I\u2019m confident that if Missouri voters approve it, it would work.\u201d<\/p>\n

Tuohey, from the Show-Me Institute, said that while he has concerns about getting the fund to a point where it could eliminate taxes, he believes the broader idea of investing state money is a good one.<\/p>\n

\u201cJust look at the history of the market over the past 100 years. If you invested a little bit 100 years ago and kept it up, you\u2019d be very wealthy now,\u201d he said.<\/p>\n

As an example, Schnelting said that if the state made a one-time investment of $250 million into the fund, in 140 years it would grow to $43 trillion.<\/p>\n

\u201cA 2% distribution on that fund would be about $868 billion annually, which more than makes up for the state budget at that time, even with inflation,\u201d Schnelting said.<\/p>\n

<\/strong><\/p>\n

Navigating market volatility<\/h4>\n

\t<\/p>\n

Schnelting\u2019s example assumed a 9% rate of return, which is slightly below the S&P 500\u2019s average of 10%<\/a> since the 1950s.<\/p>\n

But once inflation is factored in, the average rate of return is closer to 6% to 7%<\/a>. A 6% rate of return on the $250 million investment after 140 years would grow the fund to $872 billion.<\/p>\n

Short-term volatility is another factor. While the stock market has grown significantly over the last 100 years despite events like the Great Depression and the 2008 financial crash, that growth is averaged out.<\/p>\n

The S&P 500\u2019s rate in a given year can often be different from the 10% average. In the last 25 years, the market saw a peak return of 32% in 2013 and a decline of 37%<\/a> during the housing crash that led to the Great Recession in 2008.<\/p>\n

Once the state begins using income from the fund to replace taxes, an economic downturn could have a greater impact, according to Manish Bhatt, vice president of state tax policy at the right-of-center Tax Foundation.<\/p>\n

\u201cWhen states begin relying on spot rates of natural resources or performance of certain markets, I think there\u2019s some real questions as to (whether) that (is) a long-term, sustainable guarantee of sufficient revenue to eliminate taxes,\u201d Bhatt said.<\/p>\n

The North Dakota Legacy Fund, a sovereign wealth fund valued at $13.6 billion as of December, saw this instability firsthand when market volatility cost the fund $1 billion in value<\/a> in one week in April 2025.<\/p>\n

In the second version of the bill, Schnelting added a provision allowing the legislature to \u201cappropriate funds from any lawful source,\u201d including reinstating taxes, in the event of a revenue shortfall or if the fund becomes insolvent.<\/p>\n

That was added as a compromise with House lawmakers who\u2019d expressed concern over what would happen if the fund failed, Schnelting said. He added that he doesn\u2019t personally believe the fund could become insolvent after it had grown large enough to support state spending.<\/p>\n

\u201cIf it failed completely and we wouldn\u2019t be able to utilize it, we would have much bigger problems as a country, because it would mean the American market collapsed,\u201d he said.<\/p>\n

Asked how reinstating taxes would work in practice, Schnelting said \u201cit\u2019s hard to answer because it is hypothetical.\u201d<\/p>\n

\u201cThe legislature, say, 100 years from now would have to figure out a way of managing any of those shortfalls temporarily until the market rebounds,\u201d he said.<\/p>\n

Bhatt said that while the ability to bring back taxes to address a revenue shortfall provides some stability in terms of state revenue, \u201cstability in the tax code should be such that there\u2019s not wild swings in tax liability from year to year.\u201d<\/p>\n

While the new bill language doesn\u2019t specify that the fund must be invested in ETFs, Schnelting said he still envisions it being invested in the S&P 500.<\/p>\n

That\u2019s unusual, according to Marty Margolis, founder of the independent Public Funds Investment Institute. He said a more diversified investment strategy is common because it reduces risk.<\/p>\n

\u201cIf you think about endowments for foundations or colleges, they generally are viewed as having a perpetual life. It would be highly unusual for an endowment with a perpetual life to be invested 100% in equities,\u201d Margolis said. \u201cIt just isn\u2019t done.\u201d<\/p>\n

To do so, he said, was like putting \u201call your eggs in one basket,\u201d which he said can be risky given the volatility of the market. Diversifying the portfolio by also investing in other things would provide more stability, he said.<\/p>\n

While he was developing his proposal, Schnelting consulted Paul Curtman, a financial adviser and former member of the Missouri House of Representatives.<\/p>\n

Curtman said investment funding \u201ccould be\u201d stable enough to cover state budget needs,\u00a0 depending on the size of the government. He said lawmakers will need to consider how they can \u201cbind\u201d the government to prevent it from living beyond its means once it\u2019s dependent on investments.<\/p>\n

\u201cMy hope is that Senator Schnelting is able to get where he wants to get with this legislation, and\u00a0 along the way, what he\u2019s doing will force representatives and senators to be much more thoughtful about the sound financial principles that they are exercising in the halls of the Capitol building,\u201d he said.<\/p>\n

<\/strong><\/p>\n

Focusing on the short-term<\/h4>\n

\t<\/p>\n

In the Tax Foundation\u2019s 2026 report<\/a> ranking states on the competitiveness of their tax codes, Missouri ranked No. 12 overall,<\/a> No. 5 for corporate taxes, No. 5 for unemployment insurance taxes, No. 12 for property taxes, No. 17 for individual taxes and No. 25 for sales taxes.<\/p>\n

Missouri, \u201cfrom a tax perspective, is very competitive,\u201d said Bhatt with the Tax Foundation. \u201cScrapping (the tax code) entirely and replacing it with uncertainty could decrease the state\u2019s competitiveness.\u201d<\/p>\n

\u201cI would urge those interested in reform and relief to look at ways to make the state immediately more competitive,\u201d he added, pointing to Missouri\u2019s middling ranking on sales taxes.<\/p>\n

DeHaven, from the Cato Institute, also urged Schnelting and other Missouri lawmakers to focus on present-day government funding policies.<\/p>\n

\u201cIt makes more sense to focus on reducing spending so that taxes can be lowered, leaving people with more disposable income to invest,\u201d DeHaven later told The Beacon in an email. \u201cPrivate investment is preferable to public investment.\u201d<\/p>\n

<\/strong><\/p>\n

\u2018I\u2019ve learned not to be optimistic\u2019<\/h4>\n

\t<\/p>\n

Schnelting said he\u2019s received positive feedback so far from Republican colleagues, including Sen. David Gregory, a Chesterfield Republican who praised the proposal as \u201cexactly the type of stuff we need to be doing\u201d during a Feb. 4 hearing on the bill.<\/p>\n

The only person to testify on the bill during the hearing was Byron Keelin, president of the conservative advocacy group Freedom Principle MO, who told lawmakers: \u201cMissouri \u2026 has even greater potential to lead with this conservative, pro-growth approach.\u201d<\/p>\n

Schnelting said he has \u201cpurposely made sure that I\u2019ve not placed this proposal in any kind of partisan light\u201d because \u201cthis issue is not partisan at all.\u201d He told The Beacon he hadn\u2019t yet spoken with Democratic lawmakers about it.<\/p>\n

Asked whether he was optimistic it would pass, Schnelting said he was, \u201cbut at the same time, I\u2019ve learned not to be optimistic in (the Capitol), because things can be so unpredictable around here.\u201d<\/p>\n

\u201cI\u2019m optimistic that long term, we will certainly be able to move the needle on this and get it to the voters for them to decide,\u201d he added.<\/p>\n

This article<\/a> first appeared on Beacon: Missouri<\/a> and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License<\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

State Sen. Adam Schnelting, a Republican from St. Charles, speaks in March at a Missouri Right to Life rally in the Missouri State Capitol Building in March 2025 (Annelise Hanshaw\/Missouri Independent). When state Sen. Adam Schnelting and his wife ran the numbers on how much money their investments could generate for their grandchildren and great-grandchildren,…<\/p>\n","protected":false},"author":2,"featured_media":8780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nMissouri senator proposes creating investment fund to eliminate all state taxes - WestplexNews.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Missouri senator proposes creating investment fund to eliminate all state taxes - WestplexNews.com\" \/>\n<meta property=\"og:description\" content=\"State Sen. Adam Schnelting, a Republican from St. Charles, speaks in March at a Missouri Right to Life rally in the Missouri State Capitol Building in March 2025 (Annelise Hanshaw\/Missouri Independent). When state Sen. Adam Schnelting and his wife ran the numbers on how much money their investments could generate for their grandchildren and great-grandchildren,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"WestplexNews.com\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-24T21:13:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/missouriindependent.com\/wp-content\/uploads\/2025\/03\/032625_RighttoLifeSchnelting-1024x614.jpg\" \/>\n<meta name=\"author\" content=\"Brad Hildebrand\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brad Hildebrand\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\"},\"author\":{\"name\":\"Brad Hildebrand\",\"@id\":\"https:\/\/westplexnews.com\/#\/schema\/person\/86ac6e2a917ca881b22f6d55d1b955f0\"},\"headline\":\"Missouri senator proposes creating investment fund to eliminate all state taxes\",\"datePublished\":\"2026-02-24T21:13:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\"},\"wordCount\":2297,\"publisher\":{\"@id\":\"https:\/\/westplexnews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\",\"url\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\",\"name\":\"Missouri senator proposes creating investment fund to eliminate all state taxes - WestplexNews.com\",\"isPartOf\":{\"@id\":\"https:\/\/westplexnews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg\",\"datePublished\":\"2026-02-24T21:13:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage\",\"url\":\"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg\",\"contentUrl\":\"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg\",\"width\":1024,\"height\":614},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/westplexnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Missouri senator proposes creating investment fund to eliminate all state taxes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/westplexnews.com\/#website\",\"url\":\"https:\/\/westplexnews.com\/\",\"name\":\"WestplexNews.com\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/westplexnews.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/westplexnews.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/westplexnews.com\/#organization\",\"name\":\"WestplexNews.com\",\"url\":\"https:\/\/westplexnews.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/westplexnews.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/westplexnews.com\/wp-content\/uploads\/2025\/06\/cropped-Westplex-News-MASTER-PNG-CLEAR-CROP-690-X-242.png\",\"contentUrl\":\"https:\/\/westplexnews.com\/wp-content\/uploads\/2025\/06\/cropped-Westplex-News-MASTER-PNG-CLEAR-CROP-690-X-242.png\",\"width\":690,\"height\":242,\"caption\":\"WestplexNews.com\"},\"image\":{\"@id\":\"https:\/\/westplexnews.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/westplexnews.com\/#\/schema\/person\/86ac6e2a917ca881b22f6d55d1b955f0\",\"name\":\"Brad Hildebrand\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/westplexnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/dc2f8931c569b15114c958f40a15bda5a2ae504b7f31d3ecf1c2227aa19e0071?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/dc2f8931c569b15114c958f40a15bda5a2ae504b7f31d3ecf1c2227aa19e0071?s=96&d=mm&r=g\",\"caption\":\"Brad Hildebrand\"},\"sameAs\":[\"http:\/\/Westplexnews.com\"],\"url\":\"https:\/\/westplexnews.com\/index.php\/author\/bradh\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Missouri senator proposes creating investment fund to eliminate all state taxes - WestplexNews.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/","og_locale":"en_US","og_type":"article","og_title":"Missouri senator proposes creating investment fund to eliminate all state taxes - WestplexNews.com","og_description":"State Sen. Adam Schnelting, a Republican from St. Charles, speaks in March at a Missouri Right to Life rally in the Missouri State Capitol Building in March 2025 (Annelise Hanshaw\/Missouri Independent). When state Sen. Adam Schnelting and his wife ran the numbers on how much money their investments could generate for their grandchildren and great-grandchildren,...","og_url":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/","og_site_name":"WestplexNews.com","article_published_time":"2026-02-24T21:13:15+00:00","og_image":[{"url":"https:\/\/missouriindependent.com\/wp-content\/uploads\/2025\/03\/032625_RighttoLifeSchnelting-1024x614.jpg","type":"","width":"","height":""}],"author":"Brad Hildebrand","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Brad Hildebrand","Est. reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#article","isPartOf":{"@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/"},"author":{"name":"Brad Hildebrand","@id":"https:\/\/westplexnews.com\/#\/schema\/person\/86ac6e2a917ca881b22f6d55d1b955f0"},"headline":"Missouri senator proposes creating investment fund to eliminate all state taxes","datePublished":"2026-02-24T21:13:15+00:00","mainEntityOfPage":{"@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/"},"wordCount":2297,"publisher":{"@id":"https:\/\/westplexnews.com\/#organization"},"image":{"@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage"},"thumbnailUrl":"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/","url":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/","name":"Missouri senator proposes creating investment fund to eliminate all state taxes - WestplexNews.com","isPartOf":{"@id":"https:\/\/westplexnews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage"},"image":{"@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage"},"thumbnailUrl":"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg","datePublished":"2026-02-24T21:13:15+00:00","breadcrumb":{"@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#primaryimage","url":"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg","contentUrl":"https:\/\/westplexnews.com\/wp-content\/uploads\/2026\/02\/032625_RighttoLifeSchnelting-1024x614-EjLV5Z.jpg","width":1024,"height":614},{"@type":"BreadcrumbList","@id":"https:\/\/westplexnews.com\/index.php\/2026\/02\/24\/missouri-senator-proposes-creating-investment-fund-to-eliminate-all-state-taxes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/westplexnews.com\/"},{"@type":"ListItem","position":2,"name":"Missouri senator proposes creating investment fund to eliminate all state taxes"}]},{"@type":"WebSite","@id":"https:\/\/westplexnews.com\/#website","url":"https:\/\/westplexnews.com\/","name":"WestplexNews.com","description":"","publisher":{"@id":"https:\/\/westplexnews.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/westplexnews.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/westplexnews.com\/#organization","name":"WestplexNews.com","url":"https:\/\/westplexnews.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/westplexnews.com\/#\/schema\/logo\/image\/","url":"https:\/\/westplexnews.com\/wp-content\/uploads\/2025\/06\/cropped-Westplex-News-MASTER-PNG-CLEAR-CROP-690-X-242.png","contentUrl":"https:\/\/westplexnews.com\/wp-content\/uploads\/2025\/06\/cropped-Westplex-News-MASTER-PNG-CLEAR-CROP-690-X-242.png","width":690,"height":242,"caption":"WestplexNews.com"},"image":{"@id":"https:\/\/westplexnews.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/westplexnews.com\/#\/schema\/person\/86ac6e2a917ca881b22f6d55d1b955f0","name":"Brad Hildebrand","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/westplexnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/dc2f8931c569b15114c958f40a15bda5a2ae504b7f31d3ecf1c2227aa19e0071?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/dc2f8931c569b15114c958f40a15bda5a2ae504b7f31d3ecf1c2227aa19e0071?s=96&d=mm&r=g","caption":"Brad Hildebrand"},"sameAs":["http:\/\/Westplexnews.com"],"url":"https:\/\/westplexnews.com\/index.php\/author\/bradh\/"}]}},"_links":{"self":[{"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/posts\/8779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=8779"}],"version-history":[{"count":0,"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/posts\/8779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/media\/8780"}],"wp:attachment":[{"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=8779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=8779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/westplexnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=8779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}