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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAt $1.5 billion, Kansas Chamber's flat tax plan would be bigger tax cut than Brownback's
https://www.yahoo.com/news/1-5-billion-kansas-chambers-172323311.htmlA plan by the Kansas Chamber to implement a flat income tax would come with a price tag far bigger than the tax cuts of former Gov. Sam Brownback that were eventually repealed amid massive budget shortfalls.
The Kansas Chamber's plan would generally implement a 5% flat tax on both personal and business income. Fiscal estimates released Monday on HB 2061 put the cost to state revenues at about $1.5 billion a year.
"It's a little higher than anticipated," said Chamber lobbyist Eric Stafford, adding that the fiscal note does not change their stance on moving to a flat tax in some form.
Stafford said the high cost of the tax cut is largely due to a provision intended to keep a flat tax from raising taxes on poor Kansans.
The Kansas Chamber's plan would generally implement a 5% flat tax on both personal and business income. Fiscal estimates released Monday on HB 2061 put the cost to state revenues at about $1.5 billion a year.
"It's a little higher than anticipated," said Chamber lobbyist Eric Stafford, adding that the fiscal note does not change their stance on moving to a flat tax in some form.
Stafford said the high cost of the tax cut is largely due to a provision intended to keep a flat tax from raising taxes on poor Kansans.
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At $1.5 billion, Kansas Chamber's flat tax plan would be bigger tax cut than Brownback's (Original Post)
In It to Win It
Jan 2023
OP
lapfog_1
(31,699 posts)1. A completely soul-less person
"Stafford said the high cost of the tax cut is largely due to a provision intended to keep a flat tax from raising taxes on poor Kansans."
In other words, the massive budget shortfall is due to the POOR not paying higher taxes as they should be with this regressive "flat tax".
words fail.
Ray Bruns
(6,004 posts)2. I guess Kansas didn't learn its lesson from Brownback.
You know, insanity can be defined as doing the same thing over and over and expecting a different result
TheRealNorth
(9,647 posts)3. Because....
If you just give the rich tax cuts, they will share some of that wealth with the workers or make things cheaper to buy....