Its a great day: Kansas legislature pulls the plug on Gov. Brownbacks failed trickle-down

[kwassa]

experiment.


https://www.washingtonpost.com/posteverything/wp/2017/06/07/its-a-great-day-kansas-legislature-pulls-the-plug-on-gov-brownbacks-failed-trickle-down-experiment/?utm_term=.0d67c9ddaac4

"The Kansas legislature finally put a stop to the predictably failed trickle-down tax-cut experiment it began in 2012.

Kansas Gov. Sam Brownback (R) had vetoed a bill that partially reset income-tax rates to where they were before the cuts and closed a huge loophole — importantly, one mimicked in President Trump’s tax plan. But on Tuesday, lawmakers overrode the governor’s veto.They didn’t have much of a choice. Based on their fiscal outlook — the state faces a $900 million shortfall — Kansas’s bond rating has been downgraded twice by two rating agencies. The state has burned through its reserves.

I’ve long argued there’s just no evidence to support the claims made by the trickle-downers, so I’ve closely watched the unfolding of the Kansas budget crisis. One thing that struck me was the reaction of conservative lawmakers there to the growing challenge of maintaining support for their education system. What I saw was a welcome, and all-too-rare, recognition that the tax cuts were simply inconsistent with maintaining a public good that they actually value in the state.

Of course, they never should have bought the trickle-down fairy dust in the first place. The historical record shows no correlation between tax cuts and economic growth, either for the nation or for Kansas. Instead, it shows an undeniably clear record of tax cuts and lost revenue."

[Major Nikon]

1. "failed trickle-down" is redundant

It's been a failure since it was known as the Horse and Sparrow theory.

[unblock]

4. horse and sparrow theory

feed the horse enough oats and some will pass through to the road for the sparrows

[Major Nikon]

7. Kind of an inefficient way to feed sparrows

[unblock]

8. Indeed, it would seem feeding the sparrows is an accidental byproduct

[spanone]

2. it took them five years to come to this conclusion?????

[joshdawg]

12. Hmmmmm. Election time coming up?

Seems like that would be the only reason republicans would roll back the idiotic trickle down policies of their pos governor.
They depend on the short attention span of voters and they want to stay in office so they can steal more later.
republicans are a pox.

[CaliforniaPeggy]

3. A big, fat K&R!

[benld74]

5. Misery soon to follow

I'd give it 5-10 years

[unblock]

6. sit back and take this in: republicans overrode a veto to raise taxes.

[kwassa]

9. A coalition of Democrat and moderate Republicans.

think about this.

[Gothmog]

10. The Laffer Curve has flatlined

[kwassa]

11. Proof of its mythic quality.