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Kansas taxpayers may face an average tax increase of $2,369 per filer if Congress fails to extend the 2017 Tax Cuts and Jobs Act (TCJA), according to a new report by the National Taxpayers Union Foundation. The TCJA, set to expire at the end of this year, provided widespread tax relief. Without action, most Americans—80%—would see higher taxes.
As lawmakers consider extending tax cuts in a comprehensive package, some are pushing to raise the cap on state and local tax (SALT) deductions from $10,000 to $25,000. However, NTUF notes that Kansas would see little benefit—receiving less than 1% of the gain—while over half would go to high-tax states like New York, New Jersey, and California.
TCJA’s expiration could lead to $500 billion in federal tax hikes annually and slow economic growth. Report author Joe Bishop-Henchman warns that inaction could strain families and state budgets alike.
