The fast moving developments over tax and budget policy in Kansas are mostly political, but the Institute on Taxation and Economic Policy (ITEP) has generated three separate analyses of recent proposals that helped inform the policy debates.
ITEP found the most recent compromise plan from a House-Senate joint committee would cost roughly $680 million and give the wealthiest one percent of Kansans a $20,000 tax break they don’t need. Earlier in the week, ITEP offered guidance on how to craft a new plan after the Kansas House pre-empted a Senate vote on a slightly less costly tax cut proposal. ITEP’s conclusion that this less costly proposal would raise taxes on low income Kansans and cost $600 million forced a public debate on the costs and benefits of all the bills drafted to comply with Governor Brownback’s goal of cutting – and ultimately eliminating – the state’s income tax.
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