a tax cut for everybody except the poor
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

A tax cut for everybody except the poor?

Egypt Today, egypt today

Egypt Today, egypt today A tax cut for everybody except the poor?

Topeka - UPI

Poor people in Kansas would pay more in taxes while everybody else in the state would see a tax cut under a Kansas House measure. State Republicans say by eliminating income taxes for residents and small businesses, lowering the sales tax and eliminating numerous tax credits, the state would have more money and in turn spur economic growth, the Los Angeles Times reported. Under a House tax committee bill, anyone making less than $25,000 a year -- about 500,000 of the state's 2.8 million residents -- would pay an average of $72 more in taxes. Those making more than $250,000 -- about 21,000 people -- would get a $1,500 tax cut, The Kansas City Star reported, citing Department of Revenue estimates. Higher taxes for poor residents would result from eliminating tax credits that typically benefit the poor. "It's been Robin Hood in reverse," Senate Minority Leader Anthony Hensley, a Topeka Democrat, told the Star in January. "What we are doing is stealing from the poor to give to the rich." Arthur Laffer, a central figure in the development of so-called supply-side economics -- often referred to as Reaganomics -- is receiving $75,000 for consulting work on the Kansas plan. When challenged about elimination of an earned-income tax credit for single mothers, Laffer said the best form of welfare is a high-paying job, the Star said.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

a tax cut for everybody except the poor a tax cut for everybody except the poor



GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 09:23 2019 Monday ,19 August

Live an important and happy atmosphere

GMT 11:57 2016 Thursday ,07 July

Smokey Robinson honored by US Library of Congress

GMT 09:47 2019 Monday ,19 August

Live a tense atmosphere in your career

GMT 12:11 2017 Wednesday ,02 August

Tourism Min. receives Kazakh Ambassador to Egypt

GMT 12:08 2018 Thursday ,04 January

UN chief welcomes reopened Korean hotline

GMT 09:00 2017 Wednesday ,12 April

Colombia forces struggle to root out coca

GMT 12:13 2018 Tuesday ,11 December

Arab League urges Bolsonaro to reconsider embassy move

GMT 13:47 2018 Sunday ,14 October

Volodin says world should remember Nazi death camp

GMT 13:49 2011 Sunday ,23 October

Abu Dhabi woman wins Volkswagen Jetta for a year

GMT 09:50 2016 Thursday ,16 June

NASA Administrator visits MBRSC
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday