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LETTER TO THE EDITOR: Eliminating state income tax aids economy
Question of the Day
Kansas Gov. Sam Brownback’s proposal to eliminate the individual income tax is a strong step toward improving Kansas’ economic competitiveness and returning tax dollars to state residents and businesses (“State income taxes in peril,” Commentary, Thursday).
Income taxes are destructive, hurting economic growth by moving resources away from taxpayers and toward government. Production, innovation and risk-taking, the main factors producing economic growth, are discouraged when dollars are taken out of the hands of businesses and individuals through income taxes.
According to recent studies, states with no income tax have performed better economically and have seen greater job and population growth. States across the country have begun moving toward lowering or eliminating their income taxes in order to spur economic growth. Since 2007, 10 states have lowered their income tax rates, and several other states are considering similar changes this year.
Kansas legislators should strongly consider reforming the state’s individual income tax and expanding reform to corporate taxes, too. No other action by the government could have as positive an effect on Kansas’ business climate.
Senior policy analyst
The Heartland Institute
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