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Kansas May Revisit Goveronor’s Tax Break

Associated Press - May 4, 2015 6:20 am

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Top Republican legislators in Kansas appear increasingly ready to reconsider a business tax break that’s been a cherished economic policy for GOP Gov. Sam Brownback.

Their push could make closing a projected budget shortfall more difficult.

Brownback is clear that he wants to preserve an exemption from personal income taxes for 281,000 business owners and 53,000 farmers. He calls the policy a catalyst for job growth.

But Republican allies who championed the same tax break three years ago said the GOP-dominated Legislature will seriously consider narrowing it to balance the budget. Several suggested the exemption was broader than they’d intended.

They’ve raised the same questions about whether the policy is fair to working-class families that Democrats have.

GOP legislators acknowledge they’ll have to push Brownback into accepting changes.

Fred Hanson

May 5, 2015 at 8:35 am

That bill needs to be removed immediately. What they have done is not allow small business owners or small farmers deduct loses any longer on state income tax. So at the cost of these small business’s being able to operate they further are costing them more money at a time when they are in a negative in operation. This bill favored the big business as well as big farmers for have tons of operating capital to work with.

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