The Republican-controlled Kansas Senate has voted to override GOP Gov. Sam Brownback's veto of a bill that would increase income taxes to fix the state budget and provide additional funds for public schools. He shared alarm that Kansas' two-bracket personal income tax system would be expanded with a new upper tax bracket and across-the-board surge in tax rates.
In 2012, Brownback approved cuts that dropped the tax rate to 2.6 percent for married couples who filed jointly and earned $30,000 a year or less.
"While we evaluate all of our legal options against SB 83, we join the rest of Kansas in celebrating the end of Brownback's failed tax experiment and moving Kansas in the right economic direction", McQuade said, referring to Brownback's signature 2012 tax cuts.
"The state has taken a big step backwards", Brownback said. With a tax plan complete and new school finance formula sent to the governor, the Legislature still must agree on the state budget. In recent years, however, legislators ran afoul of the Kansas Supreme Court which found that the government was not properly funding its more rural school districts.
"Kansas's five-year experiment shows us what happens when we try to tax-cut our way to prosperity", Johnson added, "but the legislature's action reminds us that we have other options".
Brownback called the new tax policy "the wrong move".
Republican Gov. Sam Brownback says the income tax increases legislators enacted over his veto will be bad for the long-term health of the state's economy.Читайте также: Illinois Legislature, governor set national futility record
If legislators can't override the veto, they'll be forced to start again.
Tuesday's vote also presented a chance to consider what may be on the horizon as the Republican Party, with Trump at the helm, gears up to craft legislation that would slash taxes for the wealthiest Americans.
Most famously, he instituted the largest income tax cuts in Kansas history, a move that he promised would act "like a shot of adrenaline in the heart of the Kansas economy". The state faced a $900 million shortfall in the fiscal year starting July 1.
The bill ends an exemption on taxation championed by the governor that affects farmers and business owners organized as limited liability corporations.
Kobach said that the National Rifle Association and the Kansas State Rifle Association worked to come to a compromise with state hospitals and KU Med, but he claims KU Med walked away from the negotiating table. Highland believed raising taxes wasn't the best option.
"All of a sudden they're going to increase taxes or increase something somewhere else", said Friesen. He portrayed the choices as either deciding to be a low-tax state that encouraged business growth or a high-tax state that killed it. It gets rid of the so-called "glide path to zero" strategy that would phase out state income taxes over time.
By Tuesday night, Brownback's latest veto on a tax increase was doomed: The state House had four extra votes beyond the two-thirds needed to override; the Senate had exactly the two-thirds needed.
"I really believe they've just stepped into a black hole", said Kansas state Sen.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.
Код для вставки в блог