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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLOL. Brownback To Propose Tax Revenue Increase To Help Fill Budget Gap
Oh sweet schadenfreude... few things more gratifying than watching conservatives basically admit their economic policies FAIL:
Kansas Gov. Sam Brownback (R) will propose tax revenue increases in order to address the state's budget shortfall, the Wichita Eagle reported on Saturday.
Brownback announced last month that he would initiate budget cuts to help fill the large budget deficit projected to reach $279 million by June 2015. Jon Hummel, the governor's chief of staff, told the Eagle that the governor would specifically target the state's education budget.
Brownback implemented steep income tax cuts during his first term in office, which prompted some state Republicans to back the Democratic candidate in the 2014 election.
Hummel said that the governor is still focused on limiting spending despite the proposal to increase tax revenue.
"Revenue didnt come in quite as was projected," he told the Eagle. "If we can do some things on the tax side and do some things on the budget side and still maintain that overall philosophy, then he's always been open to that."
Link: http://talkingpointsmemo.com/livewire/brownback-tax-revenue-increase-budget
GreatGazoo
(3,937 posts)Fred Sanders
(23,946 posts)KansDem
(28,498 posts)"Kansas Public Employee Retirement System"
Gov. Sam Brownback defended cutting contributions to state worker retirement plans Wednesday a necessary step, he argued, to protect education spending as he called for an overhaul of the states school finance formula.
Facing opposition from some quarters of his own party, the governor acknowledged cuts to the Kansas Public Employees Retirement System (KPERS) will slow progress made on the system over the past few years. But he pushed back against critics who had previously predicted financial trouble for the state.
Brownbacks call for a full-range review of how the state funds public education came after budget director Shawn Sullivan said earlier this week change is needed to reduce spending outside the classrooms.
--more--
http://cjonline.com/news/2014-12-10/brownback-kpers-cuts-needed-spare-education-funding
Don't raise taxes on the idle rich! Gotta go after the working middle-class...
Jefferson23
(30,099 posts)Rhinodawg
(2,219 posts)Who the hell in Kansas voted for this imbecile ?
blkmusclmachine
(16,149 posts)mythology
(9,527 posts)"revenue didn't come in quite as was projected"
It cratered, which is exactly what should have been expected based on what happens when this is tried over and over again.
FoxNewsSucks
(10,429 posts)Rich people and the Kochs got an enormous tax cut. Poor people and working people will pay for it. In Brownhole's eyes, that's "success".
Mission Accomplished - for republicons.
blkmusclmachine
(16,149 posts)JaneyVee
(19,877 posts)Trickle down economics didn't fail, it worked exactly as Republicans planned it to.