TOPEKA, Kan. (AP) – The Kansas House has given final approval to
a bill that would cut individual and corporate income taxes each
year if the state’s total revenues grow.
The 73-47 vote Friday by House members sends the measure to the
Senate.
Supporters see the measure as a way to spur economic growth.
Detractors say it will starve schools, social services and other
programs by creating problems in the future.
Under the bill, after each fiscal year ends, the state would
calculate the percentage growth in its major tax sources. Then, it
would cut individual and corporate income tax rates by that
percentage.
(Copyright 2011 by The Associated Press. All Rights Reserved.)