Washington Post: Kansas Lawmakers Want the Poor to Pay for Tax Cuts for the Rich
media mentionThe Institute for Taxation and Economic Policy’s Meg Wiehe notes that in many states, average incomes have only increased among the richest groups in recent years. As a result, a system of taxation that depends more on the economic fortunes of the poor and the middle class might not produce increasing revenue in the future to meet the needs of growing states, unless the broad national trends change and incomes begin improving throughout the economy.
“Kansas has really shifted the responsibility for paying for taxes from those at the top with the most income, where income is growing, to those at the very bottom of the income spectrum, where incomes are stagnant or even declining,” Wiehe said.