Archive for Monday, February 13, 2012

Legislators to resume Kansas tax debate

February 13, 2012

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— Legislative committees have scheduled additional hearings this week to consider several plans to cut the Kansas tax rates

House Republicans are expected to introduce their plan to cut individual income tax rates on Monday. The plan builds on a proposal from Republican Gov. Sam Brownback, but makes modifications in the elimination of tax credits and the state sales tax rate.

Senators have hearings planned Tuesday and Wednesday on the governor's plan, which would reduce the number of income tax brackets from three to two and cut rates. It also would eliminate the earned income tax credit for low-income taxpayers.

The House plan keeps the three tax brackets but reduce the rates. It also cuts the earned income tax credit in half.

Comments

JackMcKee 5 years ago

Hopefully they'll get some sense and just leave it alone.

kochmoney 5 years ago

The senate isn't nearly as stupid as the house. The tea party control is the real issue.

voevoda 5 years ago

Lowering state income taxes just means passing the costs on to the local level--sales taxes and property taxes. So unless you're in a particularly high income bracket, you're not going to come out ahead, rockchalk1977.

JayhawkFan1985 5 years ago

You are kidding yourself. Can you build a road more efficiently than a city or KDOT. I don't think so. Syria is a low tax country. Perhaps you should move there. Alternatively, Afganistan, North Korea and Venezuela have low taxes. Caveat emptor...you get what you pay for. You seem to want to pay nothing. You'll be the first to complain when something bad happens....

JayhawkFan1985 5 years ago

Also, the private sector isn't necessarily more efficient than the public sector. There is no such thing as a free market. It is just a theory. As you conservatives love to point out a theory isn't necessarily better than my belief that I feel in my gut....

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