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Republican Tax Cut Experiment Ends w/Largest Tax Increase In State’s History. The Republican led state kept the tax cuts they gave away to the high incomers and passed the revenue shortfall on to the most vulnerable - IOW's Kansas' middle class and poor just lost a big chunk of what's left of their discretionary spending.
http://www.politicususa.com/2015/06/08/republican-controlled-kansas-senate-passes-largest-tax-increase-states-history.html
Republican Controlled Kansas Senate Passes Largest Tax Increase In State’s History
Keith Brekhus
Monday, June, 8th, 2015
On Sunday evening, the Republican-controlled Kansas Senate passed a 471 million dollar tax increase. If the measure passes the Kansas House on Monday and is then signed into law by Governor Sam Brownback, it will become the largest tax increase in Kansas’ history.
Senate support for the tax increase is a clear sign that the Brownback tax cuts that were supposed to stimulate the economy, have failed so miserably, that even Tea Party Republicans have resigned themselves to supporting a massive tax increase. However, the Senate did not opt to restore higher income tax rates for the wealthy, but instead they decided to fill the state’s gaping budget hole by raising regressive taxes which pass the burden onto the poor.
The Senate bill, which passed on a close 21-17 vote, would raise the state sales tax from 6.15 percent to 6.55 percent. The cigarette tax would jump from .79 cents a pack to a 1.29 a pack. The measure would also lower deductions for property taxes, charitable contributions and home mortgage interest.
The bill protects the zero income tax rate for many owners of limited-liability companies, corporate farms and large corporations. However, it eliminates sales tax rebates on food for poor families, the elderly and people with disabilities.
So while Senate Republicans have finally come to grips with the failure of the Brownback tax cuts, their solution is not to make billionaires like Charles Koch, who still claims residency in Wichita, pay a higher tax rate. Instead they have decided to tackle the state’s budget crisis by raising the price of food for the poor, disabled and elderly.
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If the Senate bill becomes law, low and middle-income Republican voters in Kansas will become the proud owners of an “anti-tax Governor and anti-tax legislature” that passed the largest tax increase in the state’s history. To add insult to injury, they will also have the dubious honor of paying for that tax increase so that the state’s aristocracy can keep their precious tax cuts. If not for the fact that some of those people will endure real suffering, the whole charade would be almost comical.
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Republican Tax Cut Experiment Ends w/Largest Tax Increase In State’s History. The Republican led state kept the tax cuts they gave away to the high incomers and passed the revenue shortfall on to the most vulnerable - IOW's Kansas' middle class and poor just lost a big chunk of what's left of their discretionary spending.
http://www.politicususa.com/2015/06/08/republican-controlled-kansas-senate-passes-largest-tax-increase-states-history.html
Republican Controlled Kansas Senate Passes Largest Tax Increase In State’s History
Keith Brekhus
Monday, June, 8th, 2015
On Sunday evening, the Republican-controlled Kansas Senate passed a 471 million dollar tax increase. If the measure passes the Kansas House on Monday and is then signed into law by Governor Sam Brownback, it will become the largest tax increase in Kansas’ history.
Senate support for the tax increase is a clear sign that the Brownback tax cuts that were supposed to stimulate the economy, have failed so miserably, that even Tea Party Republicans have resigned themselves to supporting a massive tax increase. However, the Senate did not opt to restore higher income tax rates for the wealthy, but instead they decided to fill the state’s gaping budget hole by raising regressive taxes which pass the burden onto the poor.
The Senate bill, which passed on a close 21-17 vote, would raise the state sales tax from 6.15 percent to 6.55 percent. The cigarette tax would jump from .79 cents a pack to a 1.29 a pack. The measure would also lower deductions for property taxes, charitable contributions and home mortgage interest.
The bill protects the zero income tax rate for many owners of limited-liability companies, corporate farms and large corporations. However, it eliminates sales tax rebates on food for poor families, the elderly and people with disabilities.
So while Senate Republicans have finally come to grips with the failure of the Brownback tax cuts, their solution is not to make billionaires like Charles Koch, who still claims residency in Wichita, pay a higher tax rate. Instead they have decided to tackle the state’s budget crisis by raising the price of food for the poor, disabled and elderly.
<snip>
If the Senate bill becomes law, low and middle-income Republican voters in Kansas will become the proud owners of an “anti-tax Governor and anti-tax legislature” that passed the largest tax increase in the state’s history. To add insult to injury, they will also have the dubious honor of paying for that tax increase so that the state’s aristocracy can keep their precious tax cuts. If not for the fact that some of those people will endure real suffering, the whole charade would be almost comical.
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