Wednesday, February 22, 2012
Revenue estimates for the House Republican income tax plan show that the lowest income earners would be the only bracket that would see their tax rates go up.
The estimates show the plan would cost Kansas more than $850 million over the next five years, possibly creating budget issues in future years. The figures were obtained Wednesday by The Associated Press from a legislative source who wasn't authorized to
release the information publicly.
House Republican leaders developed the plan as an alternative to Republican Gov. Sam Brownback's income tax proposal. In both plans, the only group of taxpayers seeing a collective increase in their
income taxes would be those with adjusted gross incomes of $25,000 or less.