Governor Jay Nixon visited Key Drugs in Poplar Bluff Tuesday to discuss the veto of a $200 million sales tax increase on prescription drugs.
"By imposing a new $200 million a year on prescription medicine, that would make it harder for families to afford the medications they need to manage chronic conditions or treat an illness," Nixon said. "It would also make it harder for small businesses like Key Drugs here to succeed."
"This tax increase would have a devastating impact on our business and our customers, many of whom already struggle to afford the cost of their prescriptions," said Key Drug Owner Marty Michael.
Since 1979, Missouri law has exempted prescription drug costs and co-pays from state sales tax. The Governor vetoed House Bill 253 earlier this summer, but some members of the Missouri General Assembly have expressed their intent to override the veto at the annual veto session this September.