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Old 06-06-2017, 11:33 PM
 
Location: Old Hippie Heaven
13,436 posts, read 5,317,090 times
Reputation: 7008

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...led by Republican legislators.

Hard times for Kansas and its schools as economic 'experiment' creates gaping budget hole - LA Times

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."
http://www.dailykos.com/stories/2017...overturns-veto
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Old 06-06-2017, 11:49 PM
 
13,920 posts, read 8,035,918 times
Reputation: 6706
Quote:
Originally Posted by jacqueg View Post
...led by Republican legislators.

Hard times for Kansas and its schools as economic 'experiment' creates gaping budget hole - LA Times

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 tax experiment comes to end, as legislature overturns veto
Kansas elected Brownback twice. Have no sympathy for them. It was looking terrible when they re-elected him.
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Old 06-06-2017, 11:52 PM
 
10,219 posts, read 3,056,702 times
Reputation: 7053
Quote:
Originally Posted by Seacove View Post
Kansas elected Brownback twice. Have no sympathy for them. It was looking terrible when they re-elected him.
If ever there was a perfect example of voting against your own interests, Kansas is it.
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Old 06-07-2017, 12:16 AM
 
1,453 posts, read 942,878 times
Reputation: 1159
Brownback came to power because he was VERY popular in Johnson County and remains popular there. JC is one of the wealthiest counties in America and home to some major corporations like Sprint, Cerner, etc. The older and wealthy voters in Johnson County still support Brownback. They're the clowns who have single handedly destroyed Kansas.

Thankfully, I live in Minnesota now. MN >>>>>>>>>>>>>>>>>>>> KS
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Old 06-07-2017, 12:26 AM
 
Location: Eugene, Oregon
4,572 posts, read 1,188,205 times
Reputation: 5516
Quote:
Originally Posted by jacqueg View Post
...led by Republican legislators.

Hard times for Kansas and its schools as economic 'experiment' creates gaping budget hole - LA Times

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 tax experiment comes to end, as legislature overturns veto

This whole debacle in Kansas, essentially became the test-bed for the tax plan that Trump has proposed. Extend the plight of that state's finances to the whole country and that's what you'd have, if anything resembling Trump's plan was enacted.
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Old 06-07-2017, 12:32 AM
 
Location: Old Hippie Heaven
13,436 posts, read 5,317,090 times
Reputation: 7008
I think the interesting thing is that it is legislative Rs who are turning their backs on these failed policies.
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Old 06-07-2017, 12:38 AM
 
430 posts, read 92,814 times
Reputation: 376
And meanwhile California with higher taxes and regulations leads nation in economic growth and is running budget surpluses.

https://www.bloomberg.com/view/artic...way-from-trump
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Old 06-07-2017, 03:07 AM
 
Location: Washington State
11,925 posts, read 6,036,450 times
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Quote:
Originally Posted by Eli34 View Post
And meanwhile California with higher taxes and regulations leads nation in economic growth and is running budget surpluses.

https://www.bloomberg.com/view/artic...way-from-trump
Kansas unemployment rate - 3.7% (below national average)
Cali unemployment rate - 4.8% (above national average)


https://www.bls.gov/lau/

Debt ratio to GNP - Kansas #13 Cali #33

Total State Debt: ranked from lowest debtor state (#1) to highest debtor state (#50) : The States Project


Bloomberg gave a nice Fake News account but I prefer accuracy
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Old 06-07-2017, 03:13 AM
 
Location: Eugene, Oregon
4,572 posts, read 1,188,205 times
Reputation: 5516
Quote:
Originally Posted by jacqueg View Post
I think the interesting thing is that it is legislative Rs who are turning their backs on these failed policies.
This indicates that even republicans, when faced with the blame for their bad policies, will put the blade to them, to save their own careers.
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Old 06-07-2017, 03:33 AM
 
3,850 posts, read 2,414,114 times
Reputation: 2370
"The yawning deficits were caused by huge tax cuts, championed by Brownback and the Republican-dominated Legislature, that were supposed set the economy roaring. They didn’t."

This is exactly what the Trump budget is all about too. Rosy growth expectations fueled by Voodoo economics. Get ready for the same from GOP congress.
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