Archive for Monday, November 8, 2010

Statehouse Live: “Prosperity Summit” to focus on overhauling tax system

November 8, 2010, 8:48 a.m. Updated November 8, 2010, 4:17 p.m.


— A conference sponsored by a group that advocates abolishing the current state tax system will be held Friday and feature Secretary of State-elect Kris Kobach.

The “Prosperity Summit” is being put on by FairTaxKC, which advocates abolishing the state income tax on individuals and businesses and replacing the tax with a broad sales tax.

In addition to Kobach, speakers at the event include:

• Jonathan Williams, director of the tax and fiscal policy task force for the American Legislative Exchange Council.

• Dave Trabert, president of the Kansas Policy Institute.

• House Speaker Pro Tem Arlen Siegfreid, R-Olathe.

• Doug Friedrichsen, vice president of FairTaxKC.

• Carl Beardon, Missouri director of Americans for Prosperity.

The conference starts at noon Friday at the Topeka Performing Arts Center.


Centerville 5 years ago

Uh oh. Taking on the legislature's most precious shibboleth. Doesn't Kobach know he's just supposted to sit back and file annual reports?

texburgh 5 years ago

Oh, yes because a huge sales tax is so much more progressive. Want a fair tax? Eliminate sales tax on groceries and clothing, impose a sales tax on some services not currently taxed (attorney fees, for example), redo the income tax brackets so that someone earning $60,000/year pays a smaller percentage than someone making $6,000,000/year. This would allow for a lowering of taxes for middle income earners and a much more progressive system.

But of course that would run counter to the interests of the Koch brothers who own AFP and KPI. Now that they own all statewide offices and the House in Kansas, be assured that if your income is less than seven figures, you're toast.

monkeyhawk 5 years ago

Viva la Kochs!

I wonder if their wealth is enough to counter the nefarious George Soros's grand scheme to take over the world? He makes the Kochs look like choirboys.

"The QE2 “will devalue the dollar and lead to higher commodity prices, asset and price inflation. It may even lead to the end of the U.S. dollar as the world reserve currency,” Diamond predicted. He noted that Obama Treasury Secretary Timothy Geithner floated the idea of the dollar losing its status as the world’s reserve currency, “only to backpedal from it when it raised some eyebrows.”

“What is most troubling to me about this,” Diamond added, “is that the Fed’s QE2 is in alignment with George Soros’s agenda to destroy global capitalism.” The decline of the dollar “is what George Soros wants and what he has proposed in the past,” he noted.

Soros, the billionaire hedge fund operator who finances various leftist and Marxist groups, including Media Matters, has made his fortune by betting on the collapse of national economies and currencies. He was convicted of insider trading in France.

Media Matters recently received $1 million from Soros so that it could try to mute the effectiveness of conservative media organizations and personalities, some of them critical of Soros.

Diamond said that as Soros is betting on a U.S. financial collapse, his net worth and the amount of money under the management of his hedge fund have ballooned. The money that Fed chairman Ben Bernanke is putting into the economy, Diamond said, is designed to “replace the stolen money from American families and the capitalist corporations” under the cover of the financial crisis.

The collapse of capitalism will be “a big pay day for George Soros and members of the Managed Funds Association,” he said. “They are betting against the dollar and moving assets to gold and to the emerging economies. They are betting against U.S. survival as a capitalist nation.”

average 5 years ago

I don't doubt the Missouri representative for AfP would be thrilled to see Kansas go to a pure sales tax system. It means a whole lot of sales in Missouri-side Sam's and Costcos. It might be a functional national strategy, but not jurisdiction by jurisdiction.

The problem and blessing of something like VAT/FairTax is psychological. Already at 9+%, sales tax has stopped being a rounding error and started to become a real consideration when I shop.

A 30% or more national sales tax (the Boortz FairTax) would push a lot of people toward things like shadetree car repair (Cuban-style), repairable shoes, local barter of goods and services (garden veggies if you babysit my kid), etc. Great from a Green/Localist perspective. Awful from a Walmart/Chamber-of-Commerce perspective. Which is why it won't get anywhere.

Bob_Keeshan 5 years ago

At this moment in US history, only a fool would think the best policy choice is to decrease demand for consumerables.

Richard Heckler 5 years ago

Dwight Eisenhower was last Republican President to preside over a balanced budget. He had a balanced budget in 1956 and 1957 with a democratic house and senate.

Since then, there have been two presidents to preside over balanced budgets, LBJ in 1969 and Clinton in 1998 through 2001.

During the last 40 years there have been five budget surpluses, all five were under Democratic Presidents: 1969, 1998, 1999, 2000, and 2001.

Repubs have had plenty of opportunity over the past 30 years during periods they controlled the white house,house and senate. Yet it never seemed to be a high priority.

MikeinKS 5 years ago

Who is more likely to buy a consumer good....someone with a job or someone without a job?

States like Texas and South Dakota are creating jobs in part due to their tax policy which keeps income tax and corporate tax to a minimum, thus encouraging job creation.

Kansas had a budget shortfall last year of 500 Million dollars. On the last day of last years session our state legilators voted to raise sales tax by 1 point (which was a 17% increase).

Unless we reduce state spending and find a way to encourage busines's to grow in Kansas, why would be expect anything else than another tax hike this year?

With local taxes included, Olathe is now at 10% sales tax.

Time for bickering is over..........we need our legislators to come up with a comprehsive solution.

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