TOPEKA — Senate President Ty Masterson’s “broader picture” for tax policy changes came into focus Monday with a plan that involves rolling back tax relief on food so the state can afford to cut income taxes for the highest wage earners.
The Senate tax committee passed a flat tax plan that would lower the income tax rate for all wage brackets to 4.75% at an estimated cost of about $566 million in the next calendar year. The impact on state revenue would be lessened by applying the sales tax on food to just “healthy” items.
Masterson appeared before the committee to promote the two pieces of legislation.
