UPDATE: Wednesday, February 8, 2012
Gov. Sam Brownback, fellow Republicans and business groups are stepping up their pressure on legislators to make changes to the Kansas income tax code.
During a news conference Wednesday outside his office, Brownback said the state needs to get its income rates down to stimulate job creation and create more personal income for all residents.
The governor wants to reduce the number of income tax brackets from three to two and lower overall rates. His plan targets small businesses and eliminates a number of credits and exemptions.
House Taxation Committee Chairman Richard Carlson, a St. Marys Republican, says a bill will be introduced Wednesday that eventually will contain the details of the House tax plan.
Carlson declined to give details until they are finished, perhaps by Friday.
Wednesday, February 8, 2012
Opponents to Gov. Sam Brownback's proposal for cutting Kansas income tax rates say during a Statehouse event that Republican's plan is misguided and would punish working families.
Brownback and his supporters were planning a news conference of their own on Wednesday, touting support for tax cuts.
Both events were held ahead of the first of three planned days of hearings over the proposal by the House Taxation Committee.
The governor proposes to collapse the state's three income tax brackets into two and eliminate a number of credits and exemptions,
a move he says makes the Kansas tax system flatter and fairer. He's
seeking to end the state's earned income tax credit for low-income
residents, saying the money would be invested in other social programs aimed at the working poor.