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Thread: Kansas lawmakers jump-start debate over repealing tax break[W:262]

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by joG View Post
    Why? I have read enough of the papers. If you aren't enough interested to do the walk, it isn't my loss.
    Some of us have also "done the walk" and one point of having debates like this is to learn something.

    I haven't read any meta studies or a plethora of individual ones that make the claim you said is supported by the studies. Just for example, is a tax increase to fund new roads and improve schools in a community always a drag on the local economy versus an equivalent tax cut? I'm nearly (99.9% or so) sure the answer to that is no. It would be equally wrong to assert that each tax cut in the U.S. at the federal level will generate more economic return than the spending that must be cut to fund it, all the way to a tax rate of zero. Given that I'm nearly sure any study looking at spending versus tax cuts is HIGHLY specific about the conditions under which various options are preferred, and that you've misstated or oversimplified the conclusions, but we can't know that or even have an informed discussion without looking at your sources, which you won't provide.

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by Incisor View Post
    Last fiscal year (Sept 2015 - Aug 2016), Texas' economy grew by just 0.2%. That's not "doing fine". That's pretty much stagnation. The national growth over the same period was about 2%. So Texas is a drag on the US economy.




    Which is higher than every state other than Oklahoma and North Dakota, both of whom are seeing the same poor economy Texas is. Furthermore, while oil and gas make up only 10% of Texas' GDP, the industries that support them are affected by job loss in that sector. Texas was reliant on the oil and gas boom in the early 2010's, but as the price for both have fallen, so has Texas' economic outlook.




    Not lately. The bubble has burst and the Texas economy is showing signs of weakness because it went all-in on energy. Once the well runs dry, or ceases being valuable, the jobs disappear and all the retail and commercial businesses that benefited from the oil jobs go away too. Texas' economy is not diversified, as we see in the 0.2% growth for the FY 2016.




    And yet, since 2012, CA has beat Texas when it comes to jobs and growth. Since 2012, more jobs have been created in CA than anywhere else in the country.




    Not last year. 0.2% growth. The bubble has popped. The emperor has no clothes!
    Texas ranks 1st for our economic climate
    Forbes Welcome

    California Highest Poverty rate in the Nation...
    Forbes Welcome
    " If no one among us is capable of governing himself, then who among us has the capacity to govern someone else ? "
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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by Fenton View Post
    Texas ranks 1st for our economic climate
    Gee, that's swell that Forbes seems to think so. But I'd say 0.2% growth for FY 2016 is not indicative of a good economic climate. How do you account for that poor growth if Texas is this wonderful, business-friendly place???

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by Fenton View Post
    Texas ranks 1st for our economic climate
    Forbes Welcome
    According to your link, CA is 4th. And looking deeper into your chart, CA ranks higher than Texas in Growth Prospects, and is pretty much even with Texas on Quality of Life.

    As for poverty, yes, there is a lot of poverty in CA. Just like there's a lot of poverty everywhere. This is a consequence of supply-side economic theory that has become the conventional wisdom despite no measure of success.

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by mbig View Post
    It didn't work for Bush2 or Reagan-omics either.
    Market Crashed 7 years in (1987, 2007/8) when accumulated debt overcame short term stimulus.
    Oh well, here we go again.
    Never in my life have I seen so many people indoctrinated in the ideology that the federal govt. needs all the money they request and that tax cuts allowing people to keep more of what they earn is the problem. I see Kansas has a shortfall but where, what is the breakdown and how does people keeping more of what they earn impact that shortfall?

    The left has certainly indoctrinated a lot of people who now ignore basic principles of economics and civics to give the bureaucrats the benefit of doubt when it comes to spending.

    One can only hope that real change takes place with Trump and it actually started with questioning costs for Air Force One and the New fighter jet from Lockheed showing that it isn't going to be business as usual. Rather than take more money from the taxpayers why not hold the govt. responsible for the waste, fraud, and abuse of their spending?

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by Incisor View Post
    According to your link, CA is 4th. And looking deeper into your chart, CA ranks higher than Texas in Growth Prospects, and is pretty much even with Texas on Quality of Life.

    As for poverty, yes, there is a lot of poverty in CA. Just like there's a lot of poverty everywhere. This is a consequence of supply-side economic theory that has become the conventional wisdom despite no measure of success.
    LOL, would you please tell me how people keeping more of what they earn creates poverty? Consequences of supply side? LOL, you think the govt is better at preventing poverty? How did the War on Poverty work out for us?

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by Conservative View Post
    LOL, would you please tell me how people keeping more of what they earn creates poverty?
    I don't need to tell you how, you can just look at the poverty stats in 2016 vs. 1980 and see for yourself. Poverty has increased since the start of trickle-down despite all promises that it wouldn't.


    LOL, you think the govt is better at preventing poverty? How did the War on Poverty work out for us?
    Until Reagan took steps to undermine it, it worked very well. Particularly Medicare and Social Security. But both programs need to be expanded. Medicare needs to be the single payer, and Social Security benefits should be increased.

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by Incisor View Post
    Obviously, everyone saw this coming. Sad thing is that Brownback is one of the many trickle-down supporters who is advising Trump. If he wants to do for the rest of the country what was done in Kansas, we're in big trouble.

    From the AP by way of the Miami Herald:

    Kansas lawmakers jump-start debate over repealing tax break
    a smaller version of what is going on with the federal government....way too many taxbreaks for the wealthy, corporations....

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by joG View Post
    Why?
    You made the claim

    I have read enough of the papers.
    Another claim that is both irrelevant and unverifiable.

    If you aren't enough interested to do the walk, it isn't my loss.
    Look. You made the claim that tax cuts are better stimulus than expenditure increases. Now you want to cower from this claim by asking me to do your work for you? If you've truly read enough of the papers,you wouldn't be so hostile to presenting evidence to support your position. Failure to do so renders your statement as false. Anyone can claim anything on the internet... it doesn't make you an expert or strengthen your position.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by randel View Post
    a smaller version of what is going on with the federal government....way too many taxbreaks for the wealthy, corporations....
    Preach!

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