Search
 

Cliff could cost Kansas 40,000 jobs, billions in GDP

Kansas could lose more than 40,000 jobs next year, most of them in the private sector, if no deal is reached to avert mandatory tax hikes and spending cuts to defense and other federal operations under the "fiscal cliff," according to an economic analysis.

By Roxana Hegeman | Updated on December 14, 2012

WICHITA, Kan. (AP) — Kansas could lose more than 40,000 jobs next year, most of them in the private sector, if no deal is reached to avert mandatory tax hikes and spending cuts to defense and other federal operations under the “fiscal cliff,” according to an economic analysis.

Regional Economic Models, Inc., a provider of economic models used by federal and state agencies across the country, estimates that 35,000 of the up to 40,400 jobs it anticipates the state potentially losing would be from private workers.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.