Tag: Kansas state government
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Kansas tax reform is needed
In Kansas, lower income tax rates are needed to ensure that Kansas has a bright economic future. Failing to reform income tax rates will mean that Kansas will continue to under-perform other states.
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Kansas could grow with lower taxes
Two research papers illustrate the need to reduce taxes in Kansas, finding that high taxes are associated with reduced income and low economic growth. Research such as this rebuts the presumption of government spending advocates that reducing taxes will kill jobs in Kansas.
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Political cronyism has become the way
Cronyism is the practice of seeking business success through government rather than through markets. The difference is that business succeeds in the market by providing goods and services that people are willing to buy. Political cronyism, on the other hand, results in people being forced to buy from, or to otherwise involuntarily subsidize, certain business…
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Kansas state spending is not, itself, a good
In the debate over reducing and eventually eliminating the income tax in Kansas, those who oppose income tax reduction say it will simply shift the burden of taxation to others, in the form of sales and property taxes. This is true only if we decide to keep spending at the same rate. We could cut…
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Tax costs block progress in Kansas
If we in Kansas and Wichita wonder why our economic growth is slow and our economic development programs don’t seem to be producing results, there is now data to answer the question why: Our tax costs are high — way too high.
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In Kansas, tax reform is about job creation
Two groups working to create a more competitive economic environment in Kansas are Americans for Prosperity, Kansas and Kansas Policy Institute. Their video commercial from earlier this year that explains the urgent situation in Kansas is below.
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Rich States, Poor States 2012 edition released
This month American Legislative Exchange Council (ALEC) released the fifth edition of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index. As in the past, Kansas performs in the middle of the pack in one measure, below average in another, with little or no progress achieved in making Kansas competitive with other states.
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In Kansas, STAR bonds vote uplifted cronyism over capitalism
In Kansas, many purportedly fiscally conservative members of the House and Senate voted to uplift cronyism over capitalism by extending the STAR bonds program.
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Wichita pension plan report
First, the good news: The condition of Wichita Employees’ Retirement System is nowhere near as dire as Kansas Public Employee Retirement System, or KPERS.. But the city is having to make much higher contributions to keep the plan funded. These contribution rates are likely to increase, as the plan relies on unrealistic assumptions.
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Kansas should improve economic climate, rely less on incentives
Kansas has a history of giving incentives to attract business. Despite this, businesses are leaving, and taking jobs and revenue with them, writes Maurice McTigue of the Mercatus Center.
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Kansas Policy Institute to host economic development summit
A summit on local economic development will be held in Wichita in April.
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Cronyism in the tax code
How tax law is formed: “If you really want to understand the nature of our tax code, don’t ask yourself ‘Why are these provisions in the public interest?’ That’s not how taxes are passed. Ask yourself ‘Who benefits from these taxes, and how much political power do they have?'”