Another New Tax Plan In The Works
Associated Press - June 10, 2015 7:11 am
Republicans in the GOP-dominated Kansas House are working on a new plan for raising taxes to balance the next state budget.
They hoped they could overcome sharp differences enough to unveil their proposal Wednesday.
The budget approved by legislators for the fiscal year beginning July 1 won’t balance as required under the state constitution without $400 million in tax increases.
Republicans are divided over how much to raise taxes on more than 330,000 business owners and farmers who stopped paying income taxes on their profits. It was a 2012 policy championed by Republican Gov. Sam Brownback.
The House’s GOP leaders and its tax and budget committee chairmen shuttled proposals Tuesday between two rival groups.
The Senate approved a tax plan Sunday, but House members doubt it can pass their chamber.