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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: 1, Flamebait) by SpockLogic on Thursday June 08 2017, @01:05PM

    by SpockLogic (2762) on Thursday June 08 2017, @01:05PM (#522565)

    Trickle down economics don't. That was last re-learned 20-30 years ago.

    Unfortunately the current GOP and tiny fingered, Cheeto-faced, ferret wearing shitgibbon, minority 45, have yet to learn this.

    --
    Overreacting is one thing, sticking your head up your ass hoping the problem goes away is another - edIII
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