Brownback says income tax cuts will improve economy long term
LAWRENCE, Kan. (AP) Gov. Sam Brownback says it will be challenging to implement new income tax cuts but he's confident his administration will make the adjustments and the state economy will grow.
The Republican governor spoke Monday at the University of Kansas as part of the business school's lecture series.
The governor worked with the 2012 Legislature to cut individual income tax rates and eliminate income tax for owners of nearly 200,000 companies in Kansas.
Brownback acknowledges the cuts will decrease state revenues in the first few months. But he projected the reductions will improve the economy and create thousands of new jobs in the long run.
The Associated Press reports that Democrats contend the tax cuts will hurt middle and lower income residents and shift the tax burden.
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