If you’re like most Kansans, your home is your biggest investment and the benefits of the Mortgage Interest Deduction are a major part of that investment. The loss of the Mortgage Interest Deduction would harm the Kansas housing market and the Kansas economy and cause major harm to the value of your investment in your home.
January 18, 2012 – Brownback Administration Seeks to Contain Political Fallout on Taxes – Lawrence Journal-World. “Governor Sam Brownback's administration worked Wednesday to contain the potential political damage from the release of internal figures showing that his sweeping plan to overhaul individual income taxes would increase the collective tax burden for the state's poorest households.” read more
January 18, 2012 – House Republican Leaders Promise Close Scrutiny of Governor’s Tax Proposal – Lawrence Journal-World. “House leaders said that Gov. Sam Brownback's proposed state budget and tax overhaul will get a full review in the legislative process. The comments by House Speaker Mike O'Neal, R-Hutchinson, and House Majority Leader Arlen Siegfried, R-Olathe, were made in a prepared statement as details of Brownback's tax and budget proposals became more widely known and attracted more criticism.” read more
January 18, 2012 – Governor’s Tax Proposal Draws New Questions from Lawmakers – Wichita Eagle. “Wess Galyon, president of the Wichita Area Builders Association, urged members of the south-central delegation to fight Brownback’s plan to eliminate the mortgage interest deduction. He said homeowners consider that deduction essential and that eliminating it could push some potential buyers to rent instead at a time when Wichita’s housing market is trying to recover.” read more