Legislators Put Tax Debate On Hold
Associated Press - December 28, 2013 11:02 am
Kansas officials are expecting policymakers to take a wait-and-see approach to taxes during the 2014 session, content to let the changes take hold and build on anecdotal evidence of economic growth.
Gov. Sam Brownback and the Republican-controlled Legislature focused during the 2012 and 2013 sessions on eliminating income taxes for some 200,000 businesses and adjusting the rates for individual income taxpayers.
Brownback and his supporters say the early signs are good, but it will take time to know for certain.
Democrats say the cuts will result in Kansas having a budget shortfall within five years. Current legislative research projections suggest that’s true and the impact will be front and center when Brownback seeks a second term in 2014.