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No, drastically cutting income taxes does not lead to increased revenues. Who woulda thunk?
"Speaking from the Senate floor tonight, Sen. Dennings (R-Overland Park) spoke out in favor of overturning the Governor’s veto and ending the tax experiment. “This was a mistake,” and noted that it was his mistake, and he was prepared to break out the mop and start cleaning it up." Kansas Gov. Brownback's tax experiment comes to end, as legislature overturns veto
What was that famous quote about doing the same thing over and over and expecting different results?
I wouldn't expect any change in Republican beliefs or behavior.
No, drastically cutting income taxes does not lead to increased revenues. Who woulda thunk?
"Speaking from the Senate floor tonight, Sen. Dennings (R-Overland Park) spoke out in favor of overturning the Governor’s veto and ending the tax experiment. “This was a mistake,” and noted that it was his mistake, and he was prepared to break out the mop and start cleaning it up." Kansas Gov. Brownback's tax experiment comes to end, as legislature overturns veto
The idea is cut taxes in order to have less spending and reduce government. That didn't happen. Why would anyone want government to have more money when it's been proven time and time again they don't spend it wisely? Boobus doesn't learn.
There is no such economic theory as trickle down. The media made it up. You and many others fell for it.
Well it was the Reagan tax cuts that some credited with the increase in GDP in the 1980'sm, that was the prediction by Laffer.
Quote:
Originally Posted by Loveshiscountry
The idea is cut taxes in order to have less spending and reduce government. That didn't happen. Why would anyone want government to have more money when it's been proven time and time again they don't spend it wisely? Boobus doesn't learn.
Well I guess some people feel that things like education and roads are important to a civilized society. You don't cut taxes to the point where you damage basic institutions.
The idea is cut taxes in order to have less spending and reduce government. That didn't happen. Why would anyone want government to have more money when it's been proven time and time again they don't spend it wisely? Boobus doesn't learn.
Maybe because in governments where they do have higher taxes and higher government spending we see things like universal healthcare, and college. And think "hey thats pretty cool"?
Meanwhile spending more then the next several countries combined on our military is not enough, and republicans want to spend more on bombs.
The idea is cut taxes in order to have less spending and reduce government. That didn't happen. Why would anyone want government to have more money when it's been proven time and time again they don't spend it wisely? Boobus doesn't learn.
Actually, the idea is that if they cut taxes, business owners will use the money they save to expand, and stimulate the economy, But most save it. It never works.
Another bad republican idea dies a horrible death.
"“The governor is a true believer,” she said. “Being governor was all about his tax plan. And he really believed it was the right step. But as many of us have seen, it was not. We had to take a vote to say no and say, ‘This is not the right direction.’ I don’t know how the governor doesn’t see that.”
When she reads messages from constituents in her suburban Kansas City district, she said, they sound a similar, pleading note. ”Email after email after email I get from constituents,” she said, “say, ‘Please, let’s stop this experiment.’”"
"For the past few years, Kansas's Republican Governor Sam Brownback and his allies in the state's legislature have been conducting a fiscal experiment involving big cuts in income taxes for individuals and businesses. The theory was that this "march to zero income taxes," as Brownback has called it, would spur entrepreneurship, economic growth and lots of job creation -- 25,000 new jobs in each of the next four years, Brownback pledged during his successful re-election campaign in 2014.
There have been repeated budget shortfalls since Brownback first took office in January 2011, which have led to repeated proclamations in the national news media that the Kansas experiment has failed. In the sense that the tax cuts haven't paid for themselves, that's true."
Actually, the idea is that if they cut taxes, business owners will use the money they save to expand, and stimulate the economy, But most save it. It never works.
Oddly enough higher taxes often cause them to invest more as it drops their taxable income. Especially true if they believe taxes will be lower in the future.
The idea is cut taxes in order to have less spending and reduce government. That didn't happen. Why would anyone want government to have more money when it's been proven time and time again they don't spend it wisely? Boobus doesn't learn.
Actually, I LIKE it when the government has enough money to fund libraries, maintain roads, feed poor kids, make sure that every kid has access to a decent public school, run summer programs for kids and adults, respond quickly to emergencies, try experimental approaches to social problems, run a good public transit system, maintain a good water system, inspect restaurants, provide basic immunizations, etc., etc.
Kansas would be ok if... the Supreme Court of Kansas would have recognized the State Congressional authority to establish, set, raise and lower as it sees fit, the funding for education in the State. The Supreme Court of Kansas has unconstitutionally interfered with the legislative authority of the State's Congress since former Governor Kathleen Sebelius was in office. The demands from SCOK have caused the funding for education to skyrocket in so many ways and this is in clear violation of what the State Constitution calls for.
The single issue of education funding is the only reason there is any fiscal problems in Kansas. The problem is a constitutional crisis, not a fiscal problem. If the Supreme Court of Kansas obeyed the letter of the law in the State Constitution, they would not be interfering in the education funding amounts constitutionally established by the State Congress. I wish this State had a decent AG when this nonsense started. One that would have taken this issue to the US Supreme Court to compel the Supreme Court of Kansas to obey its own Constitution, because once the precedent was established, the AG and the State Congress had little opportunity to reverse a clearly unconstitutional ruling from the Supreme Court of Kansas.
What I find very troubling on CD and in media across the nation is how they ignorantly and/or willfully falsely attribute the State of Kansas' fiscal issues to a lack of raised taxes while completely ignoring the fact that there has been a constitutional crisis regarding funding for education for almost 15 years. I believe the reporting on this issue is willfully misleading and outright fraudulent in an attempt to portray sound fiscal policy as ineffective when there are known externalities which caused the fiscal problems to begin with. Odds are not a single other poster on here, the idiots at the LA Times, any other rag publication nor any of the other media reporting this tripe has read the Kansas Constitution. I have read it because I am a resident who has lived in Kansas most of my life, therefore it matters to me what the law of the land, the Kansas Constitution says. I know who is authorized by the Kansas Constitution to fund education and to establish any formula for that funding and this authority certainly isn't within the authority of the Supreme Court of Kansas.
So basically what you're saying is that Kansas is too broke to fund its schools.
What is your proposal? Teach the Bible at home and call it good?
but... but.... cutting taxes increases revenue, the magic republican fairy told me so
what happened?
did they.... lie?
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So, I guess Kansas has found that shrinking a government to a size you can drown it in a bathtub doesn't really work.
