Kansas governor and GOP leaders say they have a deal on tax cuts to end 2 years of stalemate
6 months, 1 week ago

Kansas governor and GOP leaders say they have a deal on tax cuts to end 2 years of stalemate

Associated Press  

TOPEKA, Kan. — Kansas’ Democratic governor and top Republican lawmakers say they have an agreement on a package of broad tax cuts, potentially ending a two-year political standoff that has prevented their state from following others in making big reductions. Laura Kelly and GOP leaders would save taxpayers a total of about $1.2 billion over the next three years and move Kansas from three personal income tax rates to two, something Kelly had resisted. Republican leaders had hoped for income and property tax cuts worth at least $230 million more over the next three years, rejecting Kelly’s argument that larger cuts would lead to budget shortfalls within five years. But Kelly and top Republicans disagreed on how to cut income taxes, even after GOP leaders dropped a push for a “flat” personal income tax with a single rate. Kelly said the deal is “not without its flaws.” Both she and GOP leaders noted that it would provide a significantly lower property tax cut than previous plans.

Tax Property Taxes Income Leaders Republican Plan Gop Kelly Cut Cuts Tax Cuts Income Taxes Gop Leaders Republican Leaders Kansas Governor  kansas  governor  end  deal  property  cut  gop  cuts  tax  kelly  income  leaders  taxes  plan  say  stalemate

History of this topic

North Dakota voters will decide whether to abolish property taxes
4 months, 3 weeks ago

North Dakota voters will decide whether to abolish property taxes

Associated Press  

BISMARCK, N.D. — North Dakota voters will decide this fall whether to eliminate property taxes in what would be a first for a state and a major change that officials initially estimate would require more than $1 billion every year in replacement revenue. Property taxes are the base funding for numerous local government services, including sewers, water, roads, jails, deputies, …

Kansas will see major tax cuts but the relief for home owners isn’t seen as enough
6 months ago

Kansas will see major tax cuts but the relief for home owners isn’t seen as enough

Associated Press  

TOPEKA, Kan. — Kansas legislators have approved major tax cuts and ended a political stalemate with Gov. Republican leaders wanted tax cuts worth at least $230 million more over three years, but Kelly argued that those larger cuts would lead to budget shortfalls in five years. “Although this package is not perfect and emphasizes income tax reductions instead of property …

With home prices up more than 50%, some states try to contain property taxes
6 months, 3 weeks ago

With home prices up more than 50%, some states try to contain property taxes

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Scott said people “simply cannot afford a historic, …

With home prices up more than 50%, some states try to contain property taxes
6 months, 3 weeks ago

With home prices up more than 50%, some states try to contain property taxes

Associated Press  

For retirees Tom and Beverly McAdam, the good news is the value of their two-bedroom home in suburban Denver has risen 45% since they purchased it more than six years ago. “To pay the higher property taxes, it just means we’ve got to take more money out of our investments when it comes time to hit those big bills,” Beverly …

Kansas special legislative session on tax cuts set to begin in June
6 months, 3 weeks ago

Kansas special legislative session on tax cuts set to begin in June

Associated Press  

TOPEKA, Kan. — Kansas Gov. Laura Kelly announced Wednesday that she will call a special legislative session on tax cuts beginning June 18. “A special session provides the opportunity for bipartisan collaboration on comprehensive tax relief that does not threaten Kansas’ solid fiscal foundation. Kelly and Republican leaders have agreed on eliminating state income taxes on retirees’ Social Security benefits, …

Kansas governor vetoes a third plan for cutting taxes. One GOP leader calls it ‘spiteful’
7 months, 1 week ago

Kansas governor vetoes a third plan for cutting taxes. One GOP leader calls it ‘spiteful’

Associated Press  

TOPEKA, Kan. — Democratic Gov. Laura Kelly on Thursday vetoed a proposal for broad tax cuts, setting up a high-stakes election-year tussle with the Republican-controlled Kansas Legislature that one GOP leader called “spiteful.” It was the third time this year Kelly has vetoed a plan for cutting income, sales and property taxes by a total of $1.45 billion or more …

Kansas legislators expect Kelly to veto their latest tax cuts and call a special session
7 months, 3 weeks ago

Kansas legislators expect Kelly to veto their latest tax cuts and call a special session

Associated Press  

TOPEKA, Kan. — Kansas lawmakers approved a new, slightly smaller package of tax cuts before adjourning their annual session early Wednesday, expecting Gov. “I will see you all in a couple of weeks.” Republican leaders spent Tuesday afternoon and evening revising one last tax bill after they couldn’t muster the two-thirds majority necessary in the Senate on Monday to override …

GOP leaders still can’t overcome the Kansas governor’s veto to enact big tax cuts
7 months, 3 weeks ago

GOP leaders still can’t overcome the Kansas governor’s veto to enact big tax cuts

Associated Press  

TOPEKA, Kan. — Republican legislators narrowly failed again Monday to enact a broad package of tax cuts over Democratic Gov. The state Senate voted 26-14 to override Kelly’s veto of a package of income, sales and property tax cuts worth about $1.5 billion over the next three years, but that was one vote short of the necessary two-thirds majority. Three …

Georgia governor signs income tax cuts as property tax measure heads to November ballot
8 months ago

Georgia governor signs income tax cuts as property tax measure heads to November ballot

Associated Press  

ATLANTA — Georgians will owe less in income taxes this year and will get a chance in November to vote to cap increases in how homes are valued for property taxes. The corporate income tax had stayed at 5.75% when the personal income tax fell on Jan. 1, but supporters argued it was unfair to tax businesses at a higher …

Kansas governor vetoes tax cuts she says would favor ‘super wealthy’
10 months, 3 weeks ago

Kansas governor vetoes tax cuts she says would favor ‘super wealthy’

Associated Press  

TOPEKA, Kan. — Democratic Gov. Laura Kelly on Friday fulfilled her pledge to veto a broad package of tax cuts approved by the Republican-led Legislature, saying the income tax changes would overwhelmingly favor the wealthy. “This flat tax experiment would overwhelmingly benefit the super wealthy, and I’m not going to put our public schools, roads, and stable economy at risk …

GOP lawmakers approve a ‘flat’ income tax for Kansas, but a governor’s veto looms
11 months ago

GOP lawmakers approve a ‘flat’ income tax for Kansas, but a governor’s veto looms

Associated Press  

TOPEKA, Kan. — Republican lawmakers in Kansas on Thursday passed a broad package of tax cuts promoted as widespread relief that the Democratic governor is likely to veto because she says it favors the wealthy and threatens the state’s budget in the future. Kelly’s office wasn’t commenting Thursday, but she’s been public about her strong opposition to the “flat” tax …

Democratic governor signs GOP-backed tax cut in Kentucky
1 year, 10 months ago

Democratic governor signs GOP-backed tax cut in Kentucky

Associated Press  

FRANKFORT, Ky. — Democratic Gov. Beshear’s action on the measure — which will lower the state’s individual income tax rate — comes after the proposal drew Democratic opposition as it moved through the GOP-dominated legislature. The measure signed by Beshear will lower the state’s individual income tax rate by a half-percentage point to 4%, effective Jan. 1, 2024. As an …

Flush with cash, Oklahoma governor pushes for more tax cuts
1 year, 10 months ago

Flush with cash, Oklahoma governor pushes for more tax cuts

Associated Press  

OKLAHOMA CITY — With state savings accounts and revenue collections at all-time highs, tax cuts will be a top priority for Gov. “In my executive budget I am proposing to eliminate Oklahoma’s state grocery tax and reduce our personal income tax rate to 3.99%,” Stitt said. “These cuts will save each family in Oklahoma hundreds of dollars each year.” Eliminating …

Missouri lawmakers pass bill to cut income taxes
2 years, 2 months ago

Missouri lawmakers pass bill to cut income taxes

Associated Press  

— Missouri lawmakers on Thursday gave final approval to an income tax cut that Gov. The Republican-led Missouri House voted 98-32 in favor of the bill, which would cut income taxes from 5.3% to 4.95% beginning next year and phase in additional cuts until the rate hits 4.5%. The roughly $1 billion measure also eliminates the lowest tax bracket, meaning …

Missouri Senate passes individual income tax cuts
2 years, 3 months ago

Missouri Senate passes individual income tax cuts

Associated Press  

— Missourians could get a break on state income taxes under a proposal approved by the Republican-led state Senate on Wednesday. On Wednesday, both Republican and Democratic senators described the compromise as “reasonable.” “A special session is probably not the best time to engage in a dramatic rewrite of the tax code,” Republican Senate Majority Leader Caleb Rowden said, adding …

Gov. Parson calls for special session to pass income tax cut
2 years, 4 months ago

Gov. Parson calls for special session to pass income tax cut

Associated Press  

Mike Parson on Monday called on lawmakers to return to work Sept. 6 for a special legislative session to cut income taxes. Parson specified that, based on the limits in his special session call, lawmakers cannot cut income taxes so deeply that the state loses more than $700 million per year in revenue. House Democratic Minority Leader Crystal Quade called …

Georgia’s Kemp seeks tax breaks, rebutting Abrams on economy
2 years, 4 months ago

Georgia’s Kemp seeks tax breaks, rebutting Abrams on economy

Associated Press  

ATLANTA — Georgia GOP Gov. Brian Kemp unfurled the first major policy proposals of his reelection bid Thursday, pledging to spend $2 billion on another state income tax rebate and revival of a long-dormant state property tax break while contending with Democratic challenger Stacey Abrams over who’s best for the state’s economy. “While Brian Kemp is following Stacey Abrams’ lead …

Georgia's Kemp seeks tax breaks, rebutting Abrams on economy
2 years, 4 months ago

Georgia's Kemp seeks tax breaks, rebutting Abrams on economy

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Brian Kemp will unfurl his first major policy proposals of his reelection bid Thursday, …

Indiana governor endorses big cuts in income, business taxes
2 years, 9 months ago

Indiana governor endorses big cuts in income, business taxes

Associated Press  

INDIANAPOLIS — Indiana Gov. The governor’s proposal, however, would slow walk a cut in the state’s current individual income tax rate of 3.23% to 2.9% over much of the decade. Holcomb said he expects that trend of revenue growth will continue and “that the time is now to act on a tax plan that gives back to our growing business …

Prospects for Indiana tax cuts boosted by governor’s support
2 years, 10 months ago

Prospects for Indiana tax cuts boosted by governor’s support

Associated Press  

INDIANAPOLIS — Indiana legislators pushing for significant tax cuts are now getting some support from Gov. The governor has sided for months with state Senate Republican leaders reluctant to embrace major tax cuts, citing uncertainty about the economy despite recent big growth in state tax collections that led House Republicans to push a plan for broad business and individual tax …

Revenue windfall pushes states to consider range of tax cuts
2 years, 10 months ago

Revenue windfall pushes states to consider range of tax cuts

Associated Press  

— Soaring tax revenue and billions in pandemic aid from the federal government have left many states with an unusual problem — too much money. “States have more money than they can realistically and sustainably spend,” said Jared Walczak, vice president of state projects at the Tax Foundation, a Washington-based think tank that advocates for tax policies fostering growth. Walczak …

Kansas governor vetoes Republicans’ proposed income tax cuts
3 years, 8 months ago

Kansas governor vetoes Republicans’ proposed income tax cuts

Associated Press  

TOPEKA, Kan. — Democratic Gov. Laura Kelly on Friday vetoed proposed income tax cuts in Kansas, the third time in two years that she has rejected a Republican plan and accused GOP lawmakers of trying to revive a nationally notorious fiscal experiment. GOP legislators have said they want to provide relief to individuals and businesses whose state income taxes have …

Treasury says state tax cuts OK if separated from virus aid
3 years, 9 months ago

Treasury says state tax cuts OK if separated from virus aid

Associated Press  

— Responding to concerns from state officials, the U.S. Treasury Department said Wednesday that states can cut taxes without penalty under a new federal pandemic relief law — so long as they use their own funds to offset those cuts. Republican attorneys general from 21 other states wrote to Treasury Secretary Janet Yellen seeking clarification on the prohibition, which they …

Kansas tax-cut fight revives memories of past GOP experiment
3 years, 10 months ago

Kansas tax-cut fight revives memories of past GOP experiment

Associated Press  

TOPEKA, Kan. — Republican lawmakers in Kansas are struggling to contain their impulses to slash state income taxes, conjuring memories of a past, nationally notorious GOP tax-cutting experiment as they try to enact some reductions over Democratic Gov. Sen. Ethan Corson, a freshman Kansas City-area Democrat, called the Senate’s bill “a budget buster” and added: “This is a bullet train …

Discover Related