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Eliminating Income Taxes in Kansas?

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  • Description

    Governor Sam Brownback talks about his goal to eliminate income taxes in the state of Kansas.

  • Duration 4:51
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-- -- personal income tax rates with a goal of eliminating are you ready for this eliminating.

Income taxes all together in Kansas the state is facing challenges is just about every state.

Does as it tries to adjust it's budgets.

Balance.

Those those numbers together and projecting budget deficits by the way as a result some accounts he's gonna tell us I was gonna fix all that man whose -- -- quite a bit Kansas governor Sam Brownback.

Great to have you wouldn't it be with who have or governor I mean that's that's an ambitious idea you you can.

And you've brought it down to 22 rates.

As a result cutting tax rates.

It's early due to that effect of the first of the year what's been.

As -- -- -- but what's been the effect so.

Korea -- we we had the largest number of new business filings have ever had state history we at 151000 new business you are last year.

We went to zero immediately on LLC in sub best -- and -- So many small business persons watching your show they want the best place in America had to have a small business.

Kansas is that what was a tax anyway then governor -- there is zero on LLC and seven S but that's that that's how small businesses organize that the job creating machine that's where three foresee kansans work is.

Where themselves or somebody as ten or fewer employees and actually -- -- -- jobs in the country created.

In the small businesses fourteen million small businesses you've got a you've -- a target.

Target rich opportunity here.

What's what is the effect on your fiscal.

Condition for the state.

We've got a 500 million dollar balance right now when I came in we were have we had a 500 -- are projected deficit right.

-- beauty about states as you can't deficit spend.

Citi got to balance of each year -- most states California gets -- -- area but -- they're not supposed to.

And I'll let their and a budget people.

But we flip that around and a year and a half and we did it through really cutting in restraining and targeted.

We -- an increase -- things no cross the board cuts.

So what we've got in position is a good chance to grow we need to extend our sales tax there was a point six cent sales -- That was there.

That was gonna go -- -- of -- -- Now but you're gonna have to come up with -- -- somewhere.

And what we wanna do is to get themselves in a position that we can grow because we've had thirty years of decline.

We have -- we haven't been growing as fast as the rest of reason -- -- out migration state.

For a long period of time it's time to change.

And and what are you looking for in the way of growth population growth.

Business growth.

GDP.

Well.

But -- what what I wanna see us do is grow at least as fast as the surrounding states in the region -- my eyes on Texas.

They've had strong growth rates taking place strong numbers stimulus.

They are strong numbers stimulate that the yet it is doable and people act economically rational.

And people now are much more we're going to move to get to a place that is of pro growth pro family opportunity.

Then they were a decade or certainly a generation ago he or a law.

More mobile.

Well the inner it's laudable everything that you were you demonstrators trying to accomplish and getting done.

-- the point.

-- quickly your views -- what is happening in Washington.

Are watching a lot suddenly got to.

Old bull senators and Lindsey Graham and John McCain.

Insulting.

A group of senators standing up for civil liberties.

You've got a party that said they're gonna under -- -- in regular order roots of -- from the what question over because they're all going to dinner with the president and -- having lunch with what's what's the deal there.

I I think what you've got at the corners all the opera and all the problems and questions in Washington.

Have tough answers now.

We did did the places broke -- out of money it's over span it's over committed and that is all well known.

Now it's time really that you're gonna start to have to fix this thing and you need to fix it before the market says we're not gonna alone anymore money into the situation all the answers are tough.

So people get test year.

And that type of atmosphere but really what needs to take place is Joseph Biden needs to sit down and start talking with people want -- Every other day basis.

How we're gonna work her way through this you're just trying to secure those people and their compliance.

Now I'm just I'm saying that the route forward is really sit down and -- -- a bunch of different talks is we've got serious problems.

On -- serious when -- -- Joseph Biden.

That's a tough stuff.

Governor straight -- -- year's season CR Kansas is moving mature much more -- you bet the bank who have.

Governor Sam Brownback -- if you'd like to join the discussion go to Lou Dobbs dot com links to our FaceBook page email me at Louisville.

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