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

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) by khallow on Friday June 09 2017, @11:30AM

    by khallow (3766) Subscriber Badge on Friday June 09 2017, @11:30AM (#523008) Journal

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

    When the US experienced a remarkable period of growth despite competition with parts of the world with labor costs a fraction of the US's labor costs. For example, in the 1980s, the US was perceived as losing to Japan economically. Both the US and Japan experienced significant recessions in 1990-1992, but the US recovered and grew substantially through 2000 while Japan didn't. So what lesson again are we supposed to learn from the most successful period of economic growth for the US in recent times?