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Treasured Social Butterfly
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Re: Lesson for Trump? Tax Cut Failures in Kansas

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And not surprising to anyone.....Kansas and Oklahoma are deeply Red States.


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Re: Lesson for Trump? Tax Cut Failures in Kansas

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@Centristsin2010 wrote:

Oklahoma too....

 

After slashing taxes, Okla. struggles to fund schools, other services


While at the same time, tax slashers here say they are " worried about where we are headed" Wealthy countries that dont take care of their people always see civil strife. Here, we just take it out on minorities and blame them. ISIS didnt come from poor countries. The Sauds did that to keep the kingdom in their hands. 

So it begins.
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Re: Lesson for Trump? Tax Cut Failures in Kansas

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Kansas....home of the Kochs and leading government sponsor.
So it begins.
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Valued Social Butterfly
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Re: Lesson for Trump? Tax Cut Failures in Kansas

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It was interesting,  some who took advantage of the "let's make everything tax-free" admitted that it did not save a sufficient amount of cash to do much of anything.       If one followed this, the Kansas legislation remains RED and to pass this legislation it had to gain lots of approval by Brownback believers to vote for the legislation so that the Gov. could not veto the final bill. 

 

And now the cabal in DC want to do this to the whole nation.    sigh.

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Lesson for Trump? Tax Cut Failures in Kansas

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Oklahoma too....

 

After slashing taxes, Okla. struggles to fund schools, other services


"FAKE 45 #illegitimate" read a sign at the Woman's March in Washington DC, January 21, 2017.
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Lesson for Trump? Tax Cut Failures in Kansas

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  • About five years ago, Kansas Governor, Sam Brownback, enacted a tax package that brought down personal income-tax rates and eliminated income tax for pass-through entities.
  • In June 2017 the Kansas State Legislature reversed the experiment, reinstating taxes for pass-throughs.
  • The reason: The tax cuts caused the state to have a budget shortfall in the billions, according to the Tax Foundation, a Washington, D.C. based advocacy group.
  • The Tax Foundation also claimed that the cumulative budget deficits in fiscal 2018 and 2019 alone were $850 million
  • The experiment also drained funding for the school system, state pensions and road maintenance. 

https://www.cnbc.com/2017/09/21/trump-should-learn-from-kansas-citys-flawed-tax-reform-experiment.ht...

 

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