Kansas Center for Economic Growth: KCEG Testimony to the House Taxation Committee as Neutral on HB 2023.
ITEP Work in ActionThe LLC Loophole is unfair, expensive, and failed to create jobs. According to the Institute on Taxation and Economic Policy, the LLC loophole costs Kansas nearly $290 million per year. It was originally touted as the plan’s signature feature, but now legislators and business leaders of all political stripes publicly acknowledge that it failed to live up to its promise. Kansas has consistently lagged the region and the nation in most measures of economic performance since 2012, including personal income growth, gross domestic product, and job growth. In fact, in 2015, Kansas ranked 46th in the country in job growth.