Post by Logan on Feb 23, 2016 9:23:35 GMT -6
Speaker denounces tax path Kansas is on, calls it a 'failed' experiment
The executive director of the Kansas Center for Economic Growth denounced the tax path the state is on at a discussion Monday evening at the Topeka and Shawnee County Public Library, 1515 S.W. 10th.
Annie McKay said the “unprecedented tax changes in 2012 and 2013 led to a fiscal crisis.” Though tax cuts reduced individual income taxes and taxes paid by about 330,000 businesses across the state, they left a budget shortfall that prompted increases in sales and property taxes.
The changes left vulnerable groups feeling the most strain, according to McKay. She said the strategy being pursued — at times referred to as the Kansas “experiment” — actually has raised the net tax rate for the lowest 40 percent of Kansas earners. Those living paycheck to paycheck struggle to access services such as health care and child care, McKay said, resulting in a quality of life that is less secure.
“This is literally taking food off the table,” McKay said.
Read more: cjonline.com/news/2016-02-22/speaker-denounces-tax-path-kansas-calls-it-failed-experiment
The executive director of the Kansas Center for Economic Growth denounced the tax path the state is on at a discussion Monday evening at the Topeka and Shawnee County Public Library, 1515 S.W. 10th.
Annie McKay said the “unprecedented tax changes in 2012 and 2013 led to a fiscal crisis.” Though tax cuts reduced individual income taxes and taxes paid by about 330,000 businesses across the state, they left a budget shortfall that prompted increases in sales and property taxes.
The changes left vulnerable groups feeling the most strain, according to McKay. She said the strategy being pursued — at times referred to as the Kansas “experiment” — actually has raised the net tax rate for the lowest 40 percent of Kansas earners. Those living paycheck to paycheck struggle to access services such as health care and child care, McKay said, resulting in a quality of life that is less secure.
“This is literally taking food off the table,” McKay said.
Read more: cjonline.com/news/2016-02-22/speaker-denounces-tax-path-kansas-calls-it-failed-experiment