Kansas Senate Bill Substitute HB 2117 published by the conservative American Legislative Exchange Council (ALEC), supported by "The Wall Street Journal", supply-side economist Arthur Laffer, and anti-tax leader Grover Norquist. By 2017, state revenues had fallen by hundreds of millions of dollars causing spending on roads, bridges, and education to be slashed, but instead of boosting economic growth, growth in Kansas remained consistently below average. That year, the Republican Legislature of Kansas voted to roll back the cuts and after Brownback vetoed the repeal overrode his veto. As a conservative Republican Senator from Kansas, Brownback had been reelected by large margins in 1998 and 2004, and
Notional profit Notional profit Notional Profit A contract usually takes several years to get itself completed. If the profit on such contracts is recorded only after their completion, then wide fluctuations may be noted in the profit figures of contractors from year to year. To avoid these fluctuations in the reported profits and to reflect the revenue in the accounting period during which the activity is undertaken, the profit in respect of each contract in progress is transferred to the profit and loss account of the year by calculating the notional profit. The portion of notional profit to be transferred to the