UPDATED: Republicans forge a tax plan, hope governor will buy in

0
397

(Updated to correct that the proposed income tax rate is 5.25%)

Republicans on Tuesday forged their own tax plan with a single income tax rate that includes elements they hope will appeal to Democratic Gov. Laura Kelly.

House and Senate negotiators agreed on a bill that would establish a 5.25% income tax rate, a measure that the governor steadfastly opposes because she believes it benefits the wealthiest Kansans and does little for low-income earners.

However, the new tax plan also eliminates all taxes on Social Security income, cuts property taxes, increases the standard deduction, raises the personal . . .

SSJ

This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click here to login.