Wednesday, January 7, 2015

Kansas Is Totally Screwed

http://www.motherjones.com/politics/2015/01/sam-brownback-kansas-tax-cuts-failing
"In 2012, when Kansas Gov. Sam Brownback first pitched his plan to drastically slash the state's income taxes, he promised "a shot of adrenaline into the heart of the Kansas economy." Brownback brought in Arthur Laffer, Ronald Reagan's trickle-down economics guru, to help sell the idea that the cuts—which zeroed out taxes for 200,000 businesses and slashed rates for top earners—were guaranteed to boost the state's fortunes, prop up the economy, and bring in countless new jobs as businesses and individuals flocked to Kansas to escape the tyrannies of higher-tax states.
Two years later, those rosy predictions have turned to doom and gloom."