Kansas would cut its sales, business and individual income taxes — eventually by at least $500 million a year — under a new plan designed to stimulate the state’s economy, but critics worry it would create budget problems.
Negotiators for the Kansas House and Senate agreed on the plan Thursday. The compromise legislation reconciles numerous differences between the two chambers over tax policy.
(from News http://cjonline.com/news/2012-04-26/legislative-negotiators-agree-tax-cuts)