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Kansas House Debating Modified GOP Plan For Tax Cuts
TOPEKA, Kan. (AP) - The Kansas House is debating a bill that would cut the state's sales and income taxes in what supporters see as a push for economic growth.
The measure on the House's agenda Monday would promise future cuts to individual income taxes as revenues grow, forcing the state to check the annual growth in its spending at 2 percent. The state would phase out taxes on the earnings of thousands of partnerships, sole proprietorships and other small businesses.
The sales tax rate also would drop to 5.7 percent from 6.3 percent in July 2013, as previously scheduled.
The plan is a modified version of one presented earlier this year by leaders of the House's Republican majority. They didn't like changes made in committee and want to undo them.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
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