Kansas Could Get Some Revenue Bump From Fiscal Cliff

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Tuesday, December 11, 2012

Kansas officials acknowledge that the state could gain some revenues if the federal government goes over the "fiscal cliff" but they say the boost isn't likely to come close to offsetting any potential problems.

The state's income tax codes are largely tied to the federal tax codes. If President Obama and Congress can't reach an agreement to avoid automatic tax increases and spending cuts, some tax changes will result in Kansans paying more in taxes to the state.

Republican Gov. Sam Brownback's administration had no firm revenue estimates Tuesday. Spokeswoman Sherriene Jones-Sontag said the administration is not preparing for a boost in tax revenues.

State Sen. and Topeka Democrat Laura Kelly said economic problems caused by going off the fiscal cliff outweigh any revenue boost.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 183043071 - kake.com/a?a=183043071
Gray Television, Inc.