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  • Declining economic indicators show need for tax relief in Kansas

    Declining economic indicators show need for tax relief in Kansas0

    This year’s underperformance in job growth and overall economic activity is now significantly impacting state revenue, according to the November tax collection report. It’s another sign that Kansas needs tax relief to end its five decades of stagnation. Compared to November 2021, the income tax collected last month was only 0.9% higher. With 12-month inflation

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  • Inaccurate revenue estimates aren’t a sign for more spending

    Inaccurate revenue estimates aren’t a sign for more spending0

    Kansas’s spending season is on the horizon, and the state’s tax revenue will play a big part in determining how much taxpayer money is spent by Topeka. The latest data continue the streak of breaking revenue estimates, but shouldn’t be interpreted as a reason for big spending. In October 2022, the state of Kansas took

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  • Combating inflation at the state level

    Combating inflation at the state level0

    Last Friday, the Dow Jones Industrial Average plummeted by 1,000 points after Federal Reserve Chair Jerome Powell indicated that interest rates would remain high to fight inflation. Kansans don’t need to be told that inflation is rampant as prices this July were 8.6% higher than what they were last year. Much of the broader causes

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  • Kansas families are losing $8,700 annually from inflation

    Kansas families are losing $8,700 annually from inflation0

    Trillions in government spending and a supply chain crisis stemming from factors like energy production restrictions and businesses closed during COVID-19 lockdowns are costing Kansas families $8,700 annually in higher costs for food, energy, transportation, and housing due to inflation. The estimated annual cost comes from the Congressional Joint Economic Committee and estimates inflation rates

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  • Think Long-Term Relief with FY 2022 Tax Revenue

    Think Long-Term Relief with FY 2022 Tax Revenue0

    In June of 2022, the state of Kansas’s total tax revenue was $856.8 million, which was 2.2% greater than the estimates for this month. This includes $303.6 million in sales taxes and $523.8 million in income taxes. The revenue collected for June of this year was 7.7% higher than what it was in June of

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  • Kansas and 17 Other States Lose Private-Sector Jobs in May

    Kansas and 17 Other States Lose Private-Sector Jobs in May0

    The May Labor Report from the Kansas Department of Labor shows Kansas lost 1,200 private-sector jobs. Kansas was one of only 18 states that lost jobs this month, while the nation overall added 241,000 private-sector jobs. Updated jobs numbers for April show that private-sector jobs were 500 more than what was estimated last month; previous

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