SoylentNews is people
SoylentNews
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.
This discussion has been archived.
No new comments can be posted.
Kansas' Experiment with Reducing Taxes Ends in Failure, Republicans Override the Governor's Veto
|
Log In/Create an Account
| Top
| 55 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
The sooner our happiness together begins, the longer it will last.
-- Miramanee, "The Paradise Syndrome", stardate 4842.6
(Score: 0) by Anonymous Coward on Friday June 09 2017, @12:17AM (1 child)
I keep pointing this out in these kind of conversations, but the federal government runs a huge deficit. It's entirely possible for the majority of (or even all) states to get more from the federal government than they contribute to it. No-one ever seems to break the numbers down far enough to take that into account, though.
(Score: 1) by khallow on Friday June 09 2017, @03:06AM