Most Active Stories
- Getting To Know Midtown's 'Running Superman'
- Collector And Gallerist Byron Cohen Dies At 72
- Liberty Hospital Announces Layoffs, Citing Pending 'Health Care Storm'
- 5 Things You Should Know About The Genetically Modified Food You’re Probably Eating
- Insight Into The Trials And Joys Of Transgender Relationships
Fri April 27, 2012
Brownback Endorses Tax Compromise
Negotiators from the House and Senate have worked out a deal on a tax-cutting bill. It would cut income tax rates, eliminate some business taxes and reduce property taxes.
Gov. Sam Brownback says he's on board with the agreement.
"I think it's a thoughtful blend, and then it's got the key pro-growth features that I think are important," he said. "Gets the tax office, small business and lowers the overall rates."
State officials estimate the plan could reduce taxes paid to the state by more than $100 million next fiscal year and $500 million the following year. Some critics of the plan say it's too expensive and could hurt the state's ability to fund schools and other services.