Republican dissenters sink a GOP 'flat' tax plan in Kansas by upholdin…
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Republican dissenters sink a GOP 'flat' tax plan in Kansas by upholding the governor's veto
TOPEKA, Kan. (AP) — A Republican plan to cut taxes in Kansas died Tuesday in the GOP-controlled Legislature when enough members concluded that it would favor wealthy taxpayers too much and upheld the Democratic governor's veto.
The vote in the state House was 81-42, leaving GOP leaders three votes shy of the two-thirds majority needed to override Gov. Laura Kelly's veto last month. The plan would have provided nearly $1.6 billion in income, sales and property tax cuts over the next three years.
Republican leaders haven't been able to overcome Kelly's opposition to their plan to move Kansas to a single-rate or “flat” personal income tax from its current three-tier system. The top rate now is 5.7%, and the GOP plan would have made the single rate 5.25%.
The same impasse last year prevented large tax cuts when Kelly and Republican leaders said they wanted them. Surplus revenues are expected to reach $4.5 billion at the end of June, or 17% of the state's current $25 billion budget. Meanwhile, a dozen other states cut taxes last year, according to the conservative-leaning Tax Foundation.
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https://www.yahoo.com/news/republican-dissenters-sink-gop-flat-213240975.html
TOPEKA, Kan. (AP) — A Republican plan to cut taxes in Kansas died Tuesday in the GOP-controlled Legislature when enough members concluded that it would favor wealthy taxpayers too much and upheld the Democratic governor's veto.
The vote in the state House was 81-42, leaving GOP leaders three votes shy of the two-thirds majority needed to override Gov. Laura Kelly's veto last month. The plan would have provided nearly $1.6 billion in income, sales and property tax cuts over the next three years.
Republican leaders haven't been able to overcome Kelly's opposition to their plan to move Kansas to a single-rate or “flat” personal income tax from its current three-tier system. The top rate now is 5.7%, and the GOP plan would have made the single rate 5.25%.
The same impasse last year prevented large tax cuts when Kelly and Republican leaders said they wanted them. Surplus revenues are expected to reach $4.5 billion at the end of June, or 17% of the state's current $25 billion budget. Meanwhile, a dozen other states cut taxes last year, according to the conservative-leaning Tax Foundation.
--- omitted below ---
https://www.yahoo.com/news/republican-dissenters-sink-gop-flat-213240975.html
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