A great overview of the Kansas budget:
Happening in our Legislature:
SB22 – a bill that would decouple individual itemized deductions from the Federal system and give tax breaks to large corporations has passed the KS Senate and is going to the House. Proponents offer unsubstantiated one-liners about how it will help our economy, but this is a sample of what ee
People and businesses come to and stay in communities because of good schools and colleges. They stay because towns and states are safe, with strong infrastructure and thriving communities, with investment in parks and services. https://t.co/XbT6bSe4no #windfail #ksleg (3/7)— KCEG (@KSprosperity) February 7, 2019
Governor Laura Kelly “has warned lawmakers that Kansas doesn’t yet know the full impact of federal tax changes on Kansas and has urged them to hold off on changes to the tax code this year.”
This bill could change what Kansas taxpayers owe. Lawmakers don’t really know the cost
Senate President Susan Wagle betrays powerless Kansans, chooses tax cuts for the wealthy
Kansas Senate Democrats probe business savings in windfall tax reform
Sen. Susan Wagle plans swift action on Kansas tax reform, test of veto power
Kansas corporations line up for majority of Senate panel’s $191 million in tax breaks
Gov. Kelly’s Budget explained:
Balanced Budget, Equal Taxes, Strong Economy; Democrats Stand with You:
- Democrats invested in programs that grew the economy. Read More
- Democrats voted against the Brownback/Kobach tax cuts. It raised taxes on low income Kansans and placed much of the tax burden on the middle class while promising economic growth that trickle-down economics has never delivered. Instead, the failed tax plan threw Kansas into debt, depleted the general fund, and defunded valuable programs.
- Democrats are ready to repair our state by balancing the tax system, restoring programs and encouraging business.
Our Kansas bank account:
— Borrowed $503 Million from KDOT,
— Borrowed $194 Million from KPERS
— Borrowed $118 Million from Pooled Money Inverstment Board
— Cut $112 Million from Public Education funding schools at 2008 levels
— Cut $69 Million from Human Services, including mental health and child protections
— Cut $24 Million to Higher Education
— Forfeited $2.8 Billion in returned Federal Tax Dollars
Our Kansas Economic Outlook
— More people left Kansas than moved to the state.
— Personal Income increased only 1.9% as compared to– 2.9% in surrounding states and 3.3% nationwide
— Stagnant Job Growth
— 71 of 105 counties experienced tax increases
— S&P lowered the rating for Kansas, which resulted in higher interest rates on loans
Democrats voted to end the Brownback/Kobach failed tax experiment and start Kansas on a road to economic recovery.
Democrats will repair our state by balancing the tax system, restoring programs and growing businesses.
Kansas Democratic Platform:
Fiscal Responsibility, Equity and Tax Fairness
Kansas’ fiscal condition is dire. Fiscal analysts have projected deficits approaching a billion dollars by 2018 because of the loss of revenue from income tax cuts that disproportionately benefit the wealthiest people and businesses in the state. Bond ratings have been downgraded because of budgets where spending exceeds revenues. Property taxes have increased by more than 10% in 71 of 105 counties and in total over $300 million during the Brownback administration. The current tax regime shifts the tax burden more to the middle class via higher sales and property taxes in order to replace revenue lost from 2012 income tax cuts.
Kansas Democrats oppose this tax shift and favor restoration of the “three-legged stool” concept of having a balance among income, sales, and property taxes. This balanced approach to taxation has protected the state during economic downturns, and has provided sufficient revenue for decades to fund education suitably and to meet the other primary needs of the state.
Kansas Democrats call on the next governor and legislature to stop any further income tax cuts which by law will occur in 2015 and beyond.
Kansas Democrats call on the next governor to create a bipartisan tax commission, as other governors have done, to review our state’s tax structure to make sure it is fair and represents Kansas values. Kansas Democrats will continue to fight to make sure that no single sector of our economy or group of our citizens bears a disproportionate share of our tax burden.
Kansas Democrats support the establishment and protection of the budgetary rainy day fund so we can survive the next economic downturn. Regaining Kansas’ top credit rating through prudent tax and fiscal policies should be a priority for the next governor and Kansas Legislature.
Kansas Democrats believe that refusing to accept federal money hurts Kansans. Kansans pay into the federal budget with our taxes and should get our share back to spend in Kansas and help the Kansas economy.