The Kansas Department of Revenue projected that Kansas would have added about 150,000 new jobs between now and 2020 without any state tax cuts. The expected impact of the state tax cuts passed during the recent legislative session is an additional 20,000 jobs. Similarly, the department estimated that Kansas could have expected 200,000 new residents without the tax cuts, and it expects that to increase by about 40,000 as a result of the tax cuts. “Despite the administration’s claims that tax reform will light a fire under the economy, the Department of Revenue’s own projections show less than amazing results,” a Hutchinson News editorial noted. And those tax cuts are projected to result in large budget shortfalls.
Registered?Commenting on WE Blog now requires you to be a Kansas.com member. Use the links above to register, if you haven't already, or to log in.
Do you tweet? Follow us on Twitter: @WE_Tweet.