Kansas tax collections fell $217M short in May
tax cuts for the rich.
TOPEKA, Kan. — Kansas collected $217 million less in taxes than it expected in May, news that is likely to intensify a political debate over income tax cuts championed by Republican Gov. Sam Brownback, though his administration said Friday that the shortfall is a temporary problem tied to federal tax issues.
The Department of Revenue released preliminary figures showing the state collected about $389 million in taxes during May, when it expected to collect about $606 million. Tax collections also failed to meet official projections in April, and the total two-month shortfall is nearly $310 million.
(snip)
Democrats questioned the Brownback administration's explanation for the shortfalls and suggested that personal income tax cuts he championed in 2012 and 2013 are at least partly to blame. The state will cut its top income tax rate by 40 percent by 2018, and it also has exempted the owners of about 191,000 businesses from paying any personal income taxes on their firms' earnings.
"There is simply no way Gov. Brownback can still claim that his tax experiment is working," said Kansas House Minority Leader Paul Davis, a Lawrence Democrat who's running for governor this year.
Read more here: http://www.kentucky.com/2014/05/30/3266804/kansas-tax-collections-fell-217m.html?sp=/99/101/#storylink=cpy
Welcome to Brownbackistan. Blame Obama. It always works. /sarcasm off.
= new reply since forum marked as read
