Brownback proposes $211 million tax increase | Arkansas Blog

Friday, January 16, 2015

Brownback proposes $211 million tax increase

Posted By on Fri, Jan 16, 2015 at 2:56 PM

The Kansas Miracle continues. You remember that Gov. Sam Brownback's massive income tax cut, which was supposed to unleash a tidal wave of prosperity, has instead unleashed devastation on public schools and other public services.

He campaigned successfully on a promise to keep cutting taxes and said a Democrat, if elected, would raise them.

So get a load of today's news.

Brownback proposed increasing overall taxes by $211 million for the next fiscal year, which starts in July.

The governor offered a proposal strikingly similar to the one offered by his Democratic opponent, Paul Davis, during the election, which Brownback’s campaign had repeatedly attacked. Brownback’s plan would allow a very small reduction to tax rates for the lower income tax bracket to take place in 2016 and then freeze rates until state coffers are restored. He also proposes massive tax increases on liquor and tobacco products.

Arkansas Gov. Asa Hutchinson has been more modest in his income tax proposal. He's going to delay a top-end cut in 2015. And to save even more money, he's giving no tax breaks at all to the bottom 40 percent of working taxpayers, but has a $100 million cut planned in 2016 for middle income brackets. He's sure he can finance government in the meanwhile.

Tags: , , , ,


Sign up for the Daily Update email
Favorite

Comments (20)

Showing 1-20 of 20

Add a comment

 
Subscribe to this thread:
Showing 1-20 of 20

Add a comment

More by Max Brantley

Readers also liked…

  • Former Arkansas Attorney General Dustin McDaniel applauds Trump's EPA choice of climate change denier Scott Pruitt

    Dustin McDaniel gives the thumbs up to a man set to dismantle EPA regulations.
    • Dec 8, 2016
  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation