Expect this to further fuel the bipartisan enthusiasm for tax cuts at the Statehouse: Legislative researchers reported this week that state revenues are $65.2 million, or 2.1 percent, ahead of the November projections, thanks to increased collections of individual and corporate income taxes.
Posted by Rhonda Holman
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28 Comments
No link to the story?
Hmmmm…
Could it be that removing the tax on the purchase of new equipment used in business has resulted in an employer expanding via hiring more employees, thus boosting the income tax level?
That would make the tax CUT by Sebelius the effective catalyst in boosting the job market AND tax collections.
Imagine that.
Sorry … most likely caused by inflation.
Or it might be caused by the rapid growth of government jobs in Kansas during our governor’s administration.
When we are allowed to keep more of our money, we spend/save/invest more. Period
More tax cuts.If you people really want to help the poor folk, you would help stop the tax on food.
fleet, you and I agree on one thing, at least; remove the sales tax on foodstuffs; not on prepared food, but the basics; milk, bread, flour, meat, etc.
Why not all food? I don’t get it. Why not KISS?
Expect this to further fuel the bipartisan enthusiasm for tax cuts at the Statehouse:
Truth be told, wishful thinking. As usual, the leftists among the WE Blog shall find negativity in anything that will give anyone anything but a hand out.
Did you know 35 states exempt food? I know Libs love to use these kind of numbers, but only when it serves their evil purposes.
http://www.yourtax.org/facts/unfair.php3
fleet, I guess I don’t understand the question; by your post, I could infer that you are for removing the sales tax on restaurant food; is this where you’re going?
Oops. No, I didn’t think about that. I am only advocating food at grocery stores. Thanks.
OK, fleet, we’re (more or less) on the same page here; thus, my comment, as many grocery stores have delis, etc., selling food which has been prepared much as in a restaurant.
As posted weeks (months?) ago, I favor exempting basic “grocery store” food from sales tax; I also favor a multi-tiered sales tax for maing up the revenue which is lost by exempting food. I’ve visited states where a multi-tiered tax system is in place; basic food is exempt, and the ‘basic’ rate on non-essential but yet non-luxury items, that is, the kinds of things most people will buy in the ordinary course, is lower than our “one size fits all” rate here in Kansas. The highest rate, imposed on such things as hotel stays, for example, is substanitally higher.
vaughn-I would be tickled just to have something. We don’t need to re-invent the wheel. 35 other states are doing it. Find the one that works for us and do it. As far as making up the lost revenue, it’s called cutting spending. The problem is not that we are taxed too little, it is we spend too much. quote by somebody famous.
Anonymous is confusing Sebelius with George W. Bush . . . he added almost 900,000 government jobs in the first four years and raised spending some 9 percent a year.
That’s why the national debt is nearing another historical high (as a percentage of GDP). The last time it hit a historical high was under H. W. Bush.
Go figure.
Great idea Capn, let’s cut 900,000 government jobs every 4 years and reduce spending by 9% every year. I’m on board.
For anyone interested, they may read “Government hiring still outpaces private job growth” from the December 26, 2006 Wichita Eagle.
“let’s cut 900,000 government jobs every 4 years and reduce spending by 9% every year. I’m on board.”
Cool! I’m on board too. Let’s start with the military budget and pentagon civilian employees!
Fiscal responsiblity is something that conservatives and liberals agree on.
Unfortunately, since Clinton, we haven’t had a chief executive that would do the will of the people.
Sorry capn but you know I just have to say this.
It is EASY to confuse governor leadership with preznit bush.
‘Cause ya know, she is indeed the best republican governor kansas ever had! No wonder the cons here love her so much.
She may be behaving in typical republican fashion by bloating government. I wouldnt find that hard to believe at all, given her oh so republican nature.
And last name. Opps, sorry. I’ll take a cheap shot time out :)
I tend to agree, Grrl. If our Gov. can’t be proud of being a Democrat, I don’t know how the heck we’re going to win anybody else to our side of the aisle.
Americans value the courage of convictions. Even when those convictions are wrong (like the CON’s), voters still respect the candidates for HAVING CONVICTIONS.
Democrats think they can win by running away from what they stand for.
Doesn’t work.
“When we are allowed to keep more of our money, we spend/save/invest more. Period”
There’s more money to keep when the minimum wage is increased, but that doesn’t count IYAR, right?
True capn. I always quote Tom Sawyer’s comment to me three (yikes!) years ago.
He said when voters are only given a choice between a real republican and a fake one, they chose the real one every time.
Governor leadership has no coat tails, or any interest in party building. Why should she? She has the republican party to depend upon.
heheheheh. “she dont need no stinkin’ democrats”.
Gonna be interesting in 08 when governor leadership starts angling for a position on ANYONE’s ticket. Or a cabinet position.
I wonder, given her republican record, especially on environmental issues and water issues, if the national dems will be so hot to trot with her.
She may be winning in a red state, but she’s compiling a red state record too.
When that becomes more widely known, she might find her national prospects cooling. We can only hope. heheheh
Gonna be interesting in 08 when governor leadership starts angling for a position on ANYONE’s ticket. Or a cabinet position.
I wonder, given her republican record, especially on environmental issues and water issues, if the national dems will be so hot to trot with her.
She may be winning in a red state, but she’s compiling a red state record too.
When that becomes more widely known, she might find her national prospects cooling. We can only hope. heheheh
Oh my, I agree with fleetwood’s comments about cutting taxes and keeping it simple….Kind of makes me feel dirty
Woohoo! Time for another tax cut for the rich. When the economy is finally trying to recover from the Republican disaster we can certainly expect them to get their greedy hands on some more of that money. Perhaps another tax break for the oil companies, or something for Carlos Mayans so he can get new gold faucets (the current ones got dirty when he tried to wash off the shame). No, I know what, another big taxpayer subsidy to AirTran.
I wouldn’t be surprised that the Republicans will blow the money like Neil Bush in a Cambodian preteen whore house.
I hope the legislature passes the phase out of the corporate franchise tax.
That will a great step towards greater economic prosperity.
Just FYI: the franchise tax, effective 1 Jan 2005, is imposed on business entities with a net worth in excess of $100,000; the rate of tax is $1.25 per $1,000 in excess of $100,000; maximum franchise tax is $20,000.
Additionally, there are annual report fees to be paid to the Secretary of State at the time the annual report is filed; in general, the annual report fee is $55.00 for “for profit” entities; $40.00 for “nonprofit” entities.
Hi. thanks for inforamtion.