Category Archives: News
Coalition formed to protect EITC
A newly-formed coalition, called The Partnership to Preserve the Earned Income Tax Credit, staged a news conference at the capitol this week. The group’s primary mission is to prevent the legislature from eliminating or reducing the Earned Income Tax Credit … Continue reading
Artist sought for Brown v. Board mural
The Capitol Preservation Committee is issuing a national call for artists/artistic teams to submit a Request for Qualification (RFQ) to design a mural in the Kansas State Capitol commemorating the U.S. Supreme Court decision, Brown v Board of Education of … Continue reading
House to debate House Republican Income Tax Plan (HRIP)
On Monday the House will take up the debate on the House Republican Income Tax Plan (HRIP). HRIP was introduced as an alternative to Governor Sam Brownback’s tax reform proposal. That reform idea was widely criticized and did not gain … Continue reading
Tax repeal for business
Although the Governors plan would repeal all income taxes for most businesses immediately, HRIP would phase in the elimination. For the first two years select businesses would only pay income tax on the amount earned over $100,000. That bracket would … Continue reading
Tax reductions for individuals
HRIP will provide for immediate income tax reductions to some individual tax payers. Keep in mind that for the purpose of this explanation individual tax payer means wage earners. Current law sets out three brackets of wage earners and rates … Continue reading
Income cap
Both the Governor’s plan and HRIP use growth in state income to provide for future reductions in income tax rates for individual tax payers; but not businesses, those reductions are written into statute. HRIP and the Governor propose that any … Continue reading
Winners and losers
Obviously the big winners of HRIP will be those businesses that can organize as one of the qualifying entities. They will over the course of four years see their income tax reduced to zero. But there will be some losers. … Continue reading
Summary
The differences between the Governor’s proposal and HRIP are fairly substantial. HRIP does not repeal the individual deductions and credits that the Governor’s plan does, but it shares the Governor’s proposal to increase taxes on the lowest paid families by … Continue reading
GOP rejects amendment to protect Kansas jobs
This week during floor debate on House Bill 2666, an amendment was offered to ensure that projects funded with taxpayer dollars employ Kansas workers. This amendment was initially the “Hire Kansans First Act” which was part of the Kansas Jobs … Continue reading