Kansas City Business Journal: Missouri looks to Kansas for economic guidance
media mentionJan 8, 2013, 7:59am CST Updated: Jan 8, 2013, 8:33am CST
Staff Kansas City Business Journal
Missouri lawmakers are looking to Kansas for ways to increase taxes in some areas to offset tax cuts in others, The Independence Examiner reports.
The Institute on Taxation and Economic Policy said as many as 15 states, including Missouri, could introduce significant reform in 2013.
The American Legislative Exchange Council said those states are looking to enact some of the same changes Kansas Gov. Sam Brownback did, such as cutting individual income taxes, increasing the standard household deduction and exempting almost 200,000 businesses from paying income taxes, the report says.
However, Brownback has reconsidered income tax cuts in the face of a $295 million state budget deficit.