Kansas lawmakers in June approved the largest revenue increase in state history thinking they’d closed a $400 million hole created by income-tax cuts Republican Governor Sam Brownback pushed through three years earlier. They hadn’t.<br /><br />The state took in $66 million less than expected in the three months ending Sept. 30, and the turmoil is expected to worsen next week when a panel of economists issues its annual projections. They are likely to confirm the need for the Republican-controlled legislature to adjust the budget again because promised benefits from the decrease in taxes still haven’t materialized.<br /><br />"The income-tax cuts passed in 2012 and ’13 were way too steep and way too quick," said Senator Jeff Longbine, a Republican from Emporia. "The revenue continues to decline and we have to do something."<br /><br />Full story: http://www.bloomberg.com/news/articles/2015-10-29/kansas-tax-patches-fail-as-tea-party-experiment-riles-residents<br /><br />SUBSCRIBE<br />http://www.youtube.com/MikeMalloyVideo<br /><br />PLEASE SUPPORT THE MIKE MALLOY YOUTUBE CHANNEL<br />http://tinyurl.com/MalloyChannelDonations
