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Judi Lynn

(160,530 posts)
Thu Nov 9, 2017, 01:53 AM Nov 2017

The Trump tax reform Kansas conservatives regret


By Tara McKelvey
BBC White House reporter
4 hours ago

. . .

LeEtta Felter, a lifelong Republican, once hosted a "ladies tea" at her house in Olathe, Kansas, for Governor Sam Brownback, a proponent of radical tax cuts.

In 2012, Brownback led Kansas in its own tax reform, creating the "LLC tax break", which reduced taxes on income from pass-through businesses.

Pass-through businesses come in different sizes: they range from family farms to law firms, real estate agencies and hedge funds.

They have one thing in common, though: the firm's profit "passes through" to its owner and is taxed at the individual, not the business, rate.

More:
http://www.bbc.com/news/world-us-canada-41862975
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