Please, Someone Explain To Me.. [View all]
All the budget cuts, threats..everything was on the block, nothing sacred from brownbacks
axe. Except small businesses. The reason? A new tax law...now to be modified.
What did they gain? Wasn't it 190,000 businesses that didn't pay taxes? 5,000,000,000$ in lost revenues?
Cities with more people in them than Kansas has...thats a chunk of money.
So it had to have been planned all along. There was no way brownback was going to recoup that, even if
he threw all the middle class out in the street.
My theory?
There are all these potential bills being thrown around now to beef up the treasury...sin txs...eliminating the homesteading tx relief..etc.
They continue on with those, modify the tax bill, make the small businesses pay up...throw out all the farmers tax exemptions (thx johnson co) and see what shakes out>>
Eagle Topeka bureau
Tax exemptions for certain business owners are unfair and need to be changed to shore up the state’s finances, Kansas Senate President Susan Wagle says.
Wagle, one of Gov. Sam Brownback’s closest political allies, seems poised for a showdown with the governor over tax policy when lawmakers return to Topeka on Wednesday with the goal of fixing a budget deficit.
She’ll have backup. Several other key Republican lawmakers are calling for changes to the 2012 tax law, which Brownback championed.
Read more here: http://www.kansas.com/news/politics-government/article19455720.html#storylink=cpy
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