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Thu March 15, 2012
Kansas Senate Committee Amends & Approves Governor's Tax Plan
A Kansas Senate committee has approved Gov. Sam Brownback's proposal to cut income tax rates. But the committee chose to preserve four tax credits the governor wanted to eliminate, including a credit for people who invest in Kansas companies. Senator Les Donovan, a Republican from Wichita, chairs the tax committee.
“People think that they are actually worthy to keep because they end up putting more money back into the economy than they cost the state,” says Donovan.
The committee also removed a cap on state spending that was included in the bill. The legislation would have capped state government spending growth at 2 percent per year. The full Senate will now consider the amended tax plan.