Topeka — Members of the Kansas House Taxation Committee will begin working next week on rival plans for reducing the state's income tax rates.
Rep. Richard Carlson, a St. Marys Republican, said Friday that the committee would consider a bill that was offered by House GOP leadership and another one proposed by Republican Gov. Sam Brownback.
Both plans reduce tax rates and have a mechanism to cut the rates in the future based on growth in state revenues.
House members have heard several days of testimony on both plans, which aim to cut the individual income tax rates while stimulating business growth. The plans would eliminate many tax credits and exemptions in exchange for lowering rates.
Carlson says he doesn't expect the full House to debate the proposals until early March.
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Hooligan_016 (anonymous) says…
I'm having trouble keeping up with all these proposals. The only thing I know for sure I've heard is that Brownback's ultimate goal is to eliminate the state income tax and that schools should essentially fund themselves on property taxes.
vertigo (Jesse Crittenden) replies…
18% tax cut for those making over $250K a year.
5000% increase in taxes for those making less than $25K
No charity or mortgage interest deductions.
Elimination of Earned Income Credit.
No income taxes for self employed and small businesses.
That's it...in a nutshell.
Hooligan_016 (anonymous) replies…
Thanks, vertigo.
tennesseerader (anonymous) says…
Sounds Great. I hope it passes.
pavlovs_dog (anonymous) says…
Q: How do you know if the Koch brothers are speaking?
A: Brownback's lips are moving.