Padawanbater2
Well-Known Member
"Legislators in some of the nation’s most conservative states are considering new ways to boost revenue — including tax increases — after years of deep cuts and a global commodity bust that has robbed them of billions of anticipated dollars.
With legislators returning to capitals across the country this week, key budget negotiators are considering a range of ways to boost revenue, including higher gas taxes, sales tax on internet purchases, new fees and even lotteries.
The debates come as the incoming Trump administration and Republicans in Congress craft proposals for federal tax reform.
It is a reversal, in many ways, of recent trends toward deep tax cuts, led by states like Kansas, where Gov. Sam Brownback (R) and the Republican-dominated legislature slashed rates on individuals and businesses in hopes of spurring economic growth. Kansas now faces a $350 million budget hole this year, and a likely $600 million gap next year.
This year, a coalition of centrist Republicans and Democrats are plotting new tax hikes to plug those holes. The legislature is likely to roll back a tax cut on small businesses Brownback signed in 2012, while also raising gas taxes."
Full story here
So Republicans campaign on "cutting taxes", cut taxes for the wealthy and corporations, then when the inevitable hole emerges that tax policy leaves behind, the Republican solution is to raise taxes on the poor and middle-class
Thoughts on this?
With legislators returning to capitals across the country this week, key budget negotiators are considering a range of ways to boost revenue, including higher gas taxes, sales tax on internet purchases, new fees and even lotteries.
The debates come as the incoming Trump administration and Republicans in Congress craft proposals for federal tax reform.
It is a reversal, in many ways, of recent trends toward deep tax cuts, led by states like Kansas, where Gov. Sam Brownback (R) and the Republican-dominated legislature slashed rates on individuals and businesses in hopes of spurring economic growth. Kansas now faces a $350 million budget hole this year, and a likely $600 million gap next year.
This year, a coalition of centrist Republicans and Democrats are plotting new tax hikes to plug those holes. The legislature is likely to roll back a tax cut on small businesses Brownback signed in 2012, while also raising gas taxes."
Full story here
So Republicans campaign on "cutting taxes", cut taxes for the wealthy and corporations, then when the inevitable hole emerges that tax policy leaves behind, the Republican solution is to raise taxes on the poor and middle-class
Thoughts on this?
