Kansas tax revenue climbs $440 million in just-completed fiscal year

[TexasTowelie]

Income and sales tax revenue received by the state of Kansas during the fiscal year ending in June topped by $440 million total collections in the previous fiscal year, officials said Tuesday.

The Kansas Department of Revenue closed the accounting ledger with $7.5 billion in total tax collections from July 2018 to June 2019, which was $190 million or 2.6 percent higher than anticipated by analysts.

The treasury report served as evidence to a House Democratic leader the state could make long-sought investments in government programs and build the reserve fund, but the report demonstrated for a Senate Republican leader that the governor missed a golden opportunity to reduce taxes.

House Minority Leader Tom Sawyer, D-Wichita, said the state had an opportunity to make overdue investments for repair and upgrade of highways, improvements in care of foster children and to deal with staffing and overcrowding problems in prisons. The state also can move ahead with expansion of eligibility for Medicaid to 130,000 low-income Kansans, he said.

Read more: https://www.cjonline.com/news/20190702/kansas-tax-revenue-climbs-440-million-in-just-completed-fiscal-year
(Topeka Capital-Journal)

[brush]

1. Good. Kansas finally ditched repug Brownback's trickle-down foolishness...

and got back to normal revenue income levels.

Guess everyone can take a breather until the next trickle-down fool comes along.

[Maxheader]

3. Uh..the yellow haired traitor in wa..dc..gave the

1%ers over a trillion dollars in trickle down..That is to say the wingers pushed it as an enhancement for the country...

[brush]

4. True enough. I was referring to Kansas but you are right about the tax scam.

[Maxheader]

5. I think the wheels that created the whole idea..

of a tax cut for the 1%ers,

The wealthy also won a drop in the top tax rate, from 39.6 percent to 37 percent, which they can slash further if they’re business owners who qualify for the new 20 percent pass-through break. If they’re corporate stockholders—and the vast majority of rich Americans are in some way—they’re also winning a big benefit from the law’s most expensive perk, the slashing of the corporate rate to 21 percent from 35 percent.

Their inspiration came from kansaases trickle down...no state taxes for 300,000 businesses...5,000,000,000$ in lost revenue..And the load of poles sold to people here?....More jobs, more wealth for everyone...and it was pure unadulterated bull shit...

[world wide wally]

2. Proof isn't good enough for Republicans anymore