Tags: KS | Kansas | Budget

Kansas Senate Democrats to Offer Tax Plan

Friday, 26 Mar 2010 04:57 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Kansas Senate Democrats said Friday they will roll out a tax proposal next week that will include raising the income tax to help balance the state budget.

Minority Leader Anthony Hensley said that the plan will also include raising the state sales tax. Gov. Mark Parkinson offered that idea during his state of the state address in January. Democrats are looking at increasing the tax rates for the highest-earning residents.

"We haven't signed off on anything," said Hensley, of Topeka. "It's not across the board. We haven't reached a threshold, but it won't be a general income tax increase for most Kansans."

He would not say how much money the proposals would raise, but any package would have to have significant increases to close the projected gap between what the state must spend and what revenue it has available for the fiscal year starting July 1.

"I'm not willing to put an exact figure to it," Hensley said.

Lawmakers have reviewed and debated various sales tax proposals this session, including repealing some exemptions. But no measure has earned enough votes.

Legislators will know with more clarity how Kansas revenue collections are doing after a panel of economists meet to make their next estimate on April 16. That figure will be the basis for further budget deliberations.

"I think there's fear out there that after consensus revenue estimates come back that the gap could grow beyond $500 million. We have to see what number is going to be," said House Minority Leader Paul Davis, a Lawrence Democrat.

Senate Republican leaders have gone on record saying they would support raising taxes to close a projected $364 million hole in the state budget for 2011.

Hensley says if Democrats are willing to vote for a sales tax that Republicans have to at least consider raising income taxes. Democrats want to use the additional revenues to restore proposed cuts in the Senate's draft budget for social services, health care and programs for the elderly.

Senate Ways and Means Committee Chairman Jay Emler, a Lindsborg Republican, questioned whether the additional income taxes would be collected quickly enough.

"I don't think it provides the immediate solution we need," he said. "We need to be taking in revenue as quickly as possible."

Emler agrees that the budget gap could be $500 million.

Hensley added, "I think we're going to be faced with a much more serious deficit than that."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

David Horowitz to Conservatives: Work Harder for GOP Victory

Monday, 20 Oct 2014 19:00 PM

Conservatives must work harder to guarantee a sweeping Republican victory in the midterm elections, says David Horowitz, . . .

Tina Brown: Obama Losing Women Because They 'Feel Unsafe'

Monday, 20 Oct 2014 18:44 PM

Journalist Tina Brown says President Barack Obama is losing the support of women voters because he has left them feeling . . .

Michigan Republicans Air 'Sharknado'-Themed Campaign Ad

Monday, 20 Oct 2014 17:57 PM

Michigan Republicans are aiming a 30-second 'Sharknado'-themed ad at Democratic Senate candidate Gary Peters that ties h . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved