Kansas’ total August tax revenues were $629 million, 22% over projections, and 15.7% over last year’s total. Though the amount seems significant, some experts argue that the large dollar signs are not as promising as they appear. “The August tax receipts don’t reflect economic progress; it’s quite the opposite,” Dave Trabert, CEO of Kansas Policy Institute, told The Center Square. “Gov. Kelly’s 2019 and 2020 vetoes of legislation that would have removed tax increases caused by not conforming to changes in the federal Tax Cuts and Jobs Act are causing taxes on people and businesses to rise. Fortunately, a new legislature was able to override her veto this year, so tax relief is coming.”
Source: The Chanute Tribune
