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Kansas tax plan aims to cut rates and boost business
A conference committee proposed trimming top personal income tax from 6.45 to 5.5 percent for 2013 and down to 4.9 by 2017, with a 3.0 percent bottom rate. It would expand a business tax break, seen by some as boosting the economy, while critics warn of uncertain revenue and benefits to large firms. The plan faces Democratic and moderate Republican opposition and potential conflicts with Medicaid savings projections. House and Senate factions debate redistricting implications and leverage against moderates, with a vote expected this week.
MENTIONED IN THIS ARTICLE
Brownback
Conference Committee
Wratil
Brownback Administration
Senate
Republican Party
House
Kansas Chamber of Commerce
House-Senate
O’neal