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Mon August 20, 2012
Kansas Governor Brownback Confident Tax Cuts Will Stand
Kansas Governor Sam Brownback doesn't think lawmakers will try to scale-back or delay the implementation of a massive tax cut in the coming legislative session.
The plan will cut income tax rates and eliminate income taxes for around 190,000 businesses. Brownback and other supporters of the tax cut say it will provide a boost to the economy. In the coming year, Brownback says he expects lawmakers to consider additional changes to the state tax code.
“Now we’ve made an aggressive step, and I think there more efforts to say, ‘What can we do to continue to get this tax structure lower?’”
The income tax cut is slated to start in 2013. Legislative estimates show the plan creating more than $2 billion in budget deficits in the coming years.
Opponents of the tax cut say those deficits will require cuts to education and other state services.