“Most of the roughly $4 billion a year the tax would bring it would be devoted to the state’s general-fund budget to pay for government agencies and services. A 5% chunk would be earmarked for early education and child care.

Democrats also say they’d use some of the money to fund free school lunch and breakfast for all kids in K-12 schools, though Republicans pointed out that money is not legally earmarked in the income tax bill.

ADVERTISING Skip Ad Skip Ad Skip Ad The bill would also exempt more businesses from paying the state’s business and occupation tax. It also would eliminate the sales tax on purchases of diapers, and personal hygiene products such as toothpaste, antiperspirants and shampoo.

It also would expand the state’s Working Families Tax Credit, which sends annual rebates of up to $1,300 a year to lower-income working families. Ferguson had pushed for the expansion of the program and said the revised bill would make 460,000 households eligible for the payments.”

TL; DR It’s not materially curbing the sales tax.

This new tax regime makes no attempt to improve the tax structure or reduce taxes for anyone.