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Kansas' Experiment with Reducing Taxes Ends in Failure, Republicans Override the Governor's Veto

posted by n1 on Thursday June 08 2017, @08:17AM   Printer-friendly
from the other-people's-money dept.

NewNic writes:

The Republican-controlled house and senates of Kansas voted to increase taxes and to override the governor's veto of a bill to increase taxes.

The current governor pushed through tax cuts, intended to grow Kansas' economy, but during the tax cuts, Kansas' growth was lower than the country's overall growth.

The increase follows years in which the state was unable to balance its budget, and the funding for education was found to be unconstitutionally low.

In my view, state budgets are likely to take a hit from Trump's stealth tax increase: by reducing funding for programs and forcing the states to step in, the states will have to find extra money to fill the gaps.

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  • (Score: 2, Troll) by realDonaldTrump on Thursday June 08 2017, @09:35AM

    by realDonaldTrump (6614) on Thursday June 08 2017, @09:35AM (#522491) Homepage Journal

    I'm a Republican, I mean, I think I'm a Republican. And it's the opposite of what I stand for. Honestly, folks, I've always stood for paying the least taxes. The least amount of taxes that is legal. And privacy, I've always said that tax returns should stay private. What Obamacare did was very unfair, to our great health insurance industry and the executives there it was unfair. Because an insurance company could only deduct the first $500,000 of an executive's pay. So I doubled that, I made it a million. One million dollars. Plus unlimited bonuses, I call it performance pay. Because a great performance by an executive means a great performance for his company. For his or her company. Because we have women executives now. Women executives are great. Carly Fiorina, great gal. Not her booms, I mean, she could use a boob job. But a great leader. I've always said, women make great leaders. Some of the best leaders. Like Ivanka, she runs a company, has her own company. I mean, she's not running it right now, she put it in a trust. She's not making the decisions right now, not influencing it. But she gets the profits. And it's doing great, I guarantee you it's doing great for her. Walk a mile in her shoes, you'll look great. I promise. #TRUMP2020 #IvankaShoes

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