Last week, a majority of Republicans in the Kansas Senate ignored the will of their constituents by giving $190 million in tax relief for wealthy individuals and multinational corporations.
The tax break comes from Republicans decision not to tax the income earned on a portion of an individuals or corporations investments held abroad through a new provision of the 2017 federal tax code.
If legislators do nothing, the tax, for which Gov. Laura Kelly has argued, would automatically be levied against these multinational corporations.
Stay connected to the stories and events that make your community a special place to call home.
Subscriptions start at $14.90/month.View subscription options
- Unmatched coverage of Allen County’s local news and sports, a tradition dating back to 1867
- Compelling portraits of our residents, experienced reporting and thoughtful analysis
- Unlimited online access to iolaregister.com and our archives