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Thank goodness we’re not in Kansas
Posted By Rob Schofield On June 30, 2014 @ 4:24 pm In Uncategorized | Comments Disabled
A recent Washington Post story  confirms once more that the anti-taxes, anti-government policies of the conservative leaders running Kansas continue to backfire.
“Gov. Sam Brownback of Kansas took to the pages  of the Wall Street Journal last month to tout the success of his economic program, particularly several rounds of income tax cuts amounting to the largest in the state’s history. ‘We supported small business by taking away all income taxes on small businesses,’ Brownback wrote, ‘allowing them to reinvest in their businesses, creating jobs and growth. … By giving these companies more money to reinvest in their businesses, we are enabling them to hire more people and invest in needed equipment.’
The only problem? That job growth hasn’t exactly materialized. In fact, as Josh Barro notes in a must-read  over at The Upshot today, job growth in Kansas has actually lagged behind the U.S. average, especially in the years following the first round of Brownback tax cuts in 2012.
As the story also notes, the latest finding echo those of a March report from the Center on Budget and Policy Priorities  which found that:
“Tax cuts enacted in Kansas in 2012 were among the largest ever enacted by any state, and have since been held up by tax-cut proponents in other states as a model worth replicating. In truth, Kansas is a cautionary tale, not a model. As other states recover from the recent recession and turn toward the future, Kansas’ huge tax cuts have left that state’s schools and other public services stuck in the recession, and declining further — a serious threat to the state’s long-term economic vitality. Meanwhile, promises of immediate economic improvement have utterly failed to materialize.”
If only the Tillis-Berger-Pope-McCrory foursome would wake up and smell this old and bitter coffee.
Article printed from The Progressive Pulse: http://pulse.ncpolicywatch.org
URL to article: http://pulse.ncpolicywatch.org/2014/06/30/thank-goodness-were-not-in-kansas/
URLs in this post:
 A recent Washington Post story: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/06/27/tax-cuts-in-kansas-have-cost-the-state-money-and-jobs/?wpisrc=nl_wnkpm
 took to the pages: http://online.wsj.com/articles/sam-brownback-a-midwest-renaissance-rooted-in-the-reagan-formula-1401317548
 notes in a must-read: http://www.nytimes.com/2014/06/29/upshot/kansas-tax-cut-leaves-brownback-with-less-money.html?rref=upshot&smid=tw-upshotnyt
 a March report from the Center on Budget and Policy Priorities: http://www.cbpp.org/cms/index.cfm?fa=view&id=4110
 Economic case for tax cuts rests on shoddy foundation : http://pulse.ncpolicywatch.org/2014/05/27/economic-case-for-tax-cuts-rests-on-shoddy-foundation/
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