Kansas

Maxheader

(4,399 posts) Tue Jul 3, 2018, 06:55 AM Jul 2018

Brownbutts "experiment"

To eliminate state taxes for kansaas business? Lost 5 billion in revenues
from that....
https://www.google.com/search?source=hp&ei=e2I7W4_jC4iYsQWWtaVw&q=kansas+governor+brownbacks+cuts&oq=kansas+governor+brownbacks+cuts&gs_l=psy-ab.3...5864.19345.0.19670.34.22.0.0.0.0.0.0..0.0....0...1c.1.64.psy-ab..34.0.0.0...0.RuzdsjbVUPQ

And since that experiment was eliminated;

Kansas tax reform drives $1.2 billion growth in annual revenue collections

The state of Kansas wrapped up the fiscal year by collecting $1.21 billion more in tax revenue than the previous year following repeal of controversial income tax policies derived from supply-side economic theory and championed by former Gov. Sam Brownback.

Income and sales tax receipts in the 12-month budget year ending June 30 exceeded projections of legislative budget analysts by more than $300 million.

And the result?

Action by the 2017 Legislature to repeal the income tax exemption for owners of 330,000 businesses and to raise individual income tax rates, despite Brownback’s veto of the bill, helped lawmakers stabilize the budget and respond to a Kansas Supreme Court decision requiring larger investment in K-12 public schools. Modest improvement in the state’s economy is considered a contributing factor to overall revenue expansion.

And guess who wants to roll back that income tax raise?

Secretary of State Kris Kobach, who is campaigning for the Republican gubernatorial nomination, said a spike in revenue $317 million beyond the anticipated annual increase demonstrated the need for lower taxes.

what a moron..

5 replies

= new reply since forum marked as read

Highlight:

Brownbutts "experiment" (Original Post) Maxheader Jul 2018 OP

The morons are everywhere, to be sure. Ohiogal Jul 2018 #1

Kobach Has Never Been One to Let the Facts Get in the Way of His Agenda-Free Rides for Rich & White dlk Jul 2018 #2

We live in Iowa and we are trying to do what you did under Brownback rurallib Jul 2018 #3

I feel for the people of Iowa.. Maxheader Jul 2018 #4

They put "triggers" in the bill so that a second wave of tax cuts won't kick in rurallib Jul 2018 #5

Ohiogal

(35,134 posts)

1. The morons are everywhere, to be sure.

Reply to Maxheader (Original post)

Tue Jul 3, 2018, 07:00 AM

Jul 2018

But gosh there are some special ones in Kansas!

dlk

(12,468 posts)

2. Kobach Has Never Been One to Let the Facts Get in the Way of His Agenda-Free Rides for Rich & White

Reply to Maxheader (Original post)

Tue Jul 3, 2018, 07:30 AM

Jul 2018

Let

rurallib

(63,280 posts)

3. We live in Iowa and we are trying to do what you did under Brownback

Reply to Maxheader (Original post)

Tue Jul 3, 2018, 08:28 AM

Jul 2018

drastic tax cuts especially for the wealthy just went into effect.

When I talked to Republican legislators how they would cover the state's bills they just responded "the growth will take care of it."
When I asked what growth they said " You will see." When I said you're doing just what Kansas did and that was a massive failure, they told me "Kansas did it wrong."

Maxheader

(4,399 posts)

4. I feel for the people of Iowa..

Reply to rurallib (Reply #3)

Tue Jul 3, 2018, 01:17 PM

Jul 2018

Its called trickle down and I've never seen it work...for the middle class..
For the state elitists? I'm sure they loved it...worthless b#$ards...Wonder
what your legislators consider to be the problem with how kansas went
about screwing the people and how they will do it different?

When I talked to Republican legislators how they would cover the state's bills they just responded "the growth will take care of it."
When I asked what growth they said " You will see." When I said you're doing just what Kansas did and that was a massive failure, they told me "Kansas did it wrong."

rurallib

(63,280 posts)

5. They put "triggers" in the bill so that a second wave of tax cuts won't kick in

Reply to Maxheader (Reply #4)

Tue Jul 3, 2018, 02:25 PM

Jul 2018

if growth is below some mark. I can't recall the details, but I do remember that the growth marks were pretty low, so phase 2 is almost guaranteed.

The last 2 years under Repub control we have come up some $200 million or more short cumulative. Their answer was 1) take a machete to schools etc and 2) enact these "pro-growth" humongous tax cuts.

So the difference is we have a huge tax cut up front, but supposed triggers not to do phase 2.

Phase 1 should kill a lot of our revenues, but we also have some other bugaboos in the system now called retaliatory tariffs on what Iowa does most of - soybeans, corn and hogs. We are very much of a monoculture these days. Add in that Scotty the thief Pruitt is effing us over on ethanol and thus depressing that market and we have a state headed for the crapper.

So the answer is triggers and that will save Iowa.
Me? I see one room school houses making a huge comeback as buildings sit idle.

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