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

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

    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

    Kansas legislators Monday jump-started a debate over ending an income tax break championed by Republican Gov. Sam Brownback, moving on the first day of their annual session to tackle the state's severe and ongoing budget woes.

    The House Taxation Committee decided less than three hours after lawmakers convened to draft a bill repealing a personal income tax exemption that benefits more than 330,000 farmers and business owners. Brownback has championed the break as a pro-growth policy, but it's contributed to the state's budget problems.

    Kansas faces a projected $342 million shortfall in its current budget and gaps in funding for existing programs that total nearly $1.1 billion through June 2019. Lawmakers don't think they can raise new revenues quickly enough to bolster the current budget but also want a longer-term fiscal fix.

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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
    Do you have a source that demonstrates that Brownback is advising Trump? I see nothing in the story and the only thing I could find anywhere was that "he is believed to be considering a job with the Trump Administration" (via Kansas City Star) possibly Agricultural Secretary.

    Would certainly do less harm there than the last time a Kansas governor joined the Cabinet.

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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
    With the level of information at hand, it is hard to say,what went wrong. But there is a plethora of empirical studies and research that show pretty clearly that tax reduction helps the economy much better than expanded spending. This is especially true, when accompanied by corrective measures taken on the other side of the balance sheet.

    This would be untrue, if government spending were only on public goods and below public goods production optimum. In the US neither is the case.

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

    Quote Originally Posted by AliHajiSheik View Post
    Do you have a source that demonstrates that Brownback is advising Trump?
    He was one of Trump's advisors back in August.

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

    Quote Originally Posted by Incisor View Post
    i think he means can you prove a link to CNN,MSNBC, FOX, NY TIMES, WASHINGTON POST...ETC.

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

    Quote Originally Posted by joG View Post
    With the level of information at hand, it is hard to say,what went wrong.
    Not really. Back when they were first passed, Brownback said that the tax cuts would be "a shot of adrenaline" into the Kansas economy. I'm no doctor, but even I know that adrenaline kicks in right away and doesn't take 7 years to start working. Fact is what went wrong was the premise of cutting taxes to stimulate growth in the first place.

    Now that we know it doesn't work based on the failure of Kansas, we should avoid the policy like the plague.


    But there is a plethora of empirical studies and research that show pretty clearly that tax reduction helps the economy much better than expanded spending.
    No, there aren't any empirical studies or research that shows that. If it did work, then Kansas wouldn't be suffering as it is...nor would the Bush economy have been as terrible as it was. Remember, the first four years of the Bush Tax Cuts lost 811,000 private sector jobs, produced the worst growth since the Great Depression (after a decade of some of the best growth), and erased a surplus causing record-breaking deficits.

    The problem Conservatives have is that their policies work in theory, but never in practice.

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

    Quote Originally Posted by Master PO View Post
    i think he means can you prove a link to CNN,MSNBC, FOX, NY TIMES, WASHINGTON POST...ETC.
    Yeesh...here's Politico.

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

    Quote Originally Posted by Incisor View Post
    Yeesh...here's Politico.
    Donald Trump on Tuesday unveiled a list of agricultural advisers brimming with Republican heavy hitters, including Govs. Sam Brownback and Terry Branstad and several top farm-state lawmakers in a move that seemed aimed at quelling criticisms he is relying on a mostly third-string team.

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

    Quote Originally Posted by Incisor View Post
    Not really. Back when they were first passed, Brownback said that the tax cuts would be "a shot of adrenaline" into the Kansas economy. I'm no doctor, but even I know that adrenaline kicks in right away and doesn't take 7 years to start working. Fact is what went wrong was the premise of cutting taxes to stimulate growth in the first place.

    Now that we know it doesn't work based on the failure of Kansas, we should avoid the policy like the plague.




    No, there aren't any empirical studies or research that shows that. If it did work, then Kansas wouldn't be suffering as it is...nor would the Bush economy have been as terrible as it was. Remember, the first four years of the Bush Tax Cuts lost 811,000 private sector jobs, produced the worst growth since the Great Depression (after a decade of some of the best growth), and erased a surplus causing record-breaking deficits.

    The problem Conservatives have is that their policies work in theory, but never in practice.
    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.
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    Re: Brownback Tax Cuts a bust...Kansas State Legislature now fixing to repeal

    Quote Originally Posted by joG View Post
    With the level of information at hand, it is hard to say,what went wrong. But there is a plethora of empirical studies and research that show pretty clearly that tax reduction helps the economy much better than expanded spending. This is especially true, when accompanied by corrective measures taken on the other side of the balance sheet.This would be untrue, if government spending were only on public goods and below public goods production optimum. In the US neither is the case.

    Kansas is a real world experiment in the idiocy of supply-side tax policies. They torpedoed their revenue with just such a policy. Once again, the things supply-siders said would happen failed to happen.

    What is the motivation to deny reality?

    It's as if the sky turned blood red, we all see that it is blood red, but you pipe up to say that "studies" say it should be blue so we should act like it is blue, despite it actually being blood red. What sense would that make?





    Is there some unstated hope that if conservatives get this to happen federally and in enough states, governments will be broke enough that they'll have to enact the kind of massive termination/agency slashing that makes up the wet dreams of Paul Ryan's ilk? (ie, in the same way that Obamacare was supposedly a sly maneuver to break health care and force a move to single-payer?

    It has to be something like that, because there is absolutely no rational basis to blame Kansas's debacle on something other than the tax cuts. Whether or not the cuts "helped the economy", they didn't help it anywhere near to the point where it would have to be helped for the old supply-side lie to prove true.

    That lie, again, being that we can just keep slashing taxes and each time it'll produce so much growth that government revenue will remain neutral or even rise despite the lower rates.

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