Monday, March 23, 2015

Sam Brownback’s latest master plan to save the Kansas economy: Ban abortions

Sam Brownback’s latest master plan to save the Kansas economy: Ban abortions

"It takes a special kind of delusion to believe — despite decades of empirical evidence — that massive income tax cuts for the wealthy will unleash economic prosperity, thereby boosting job creation and increasing government revenues. Kansas Gov. Sam Brownback, however, clung to that delusion. Advised by the charlatan Art Laffer — originator of the curve — Brownback slashed income taxes for individuals and businesses, promising that his supply-side “experiment” would jump-start the Sunflower State’s economy. Instead, Kansas’ rendezvous with voodoo has created a $344 million revenue shortfall that legislators must fill by June, while the tax cuts haven’t delivered the promised economic benefits: Kansas’ rate of job growth has lagged behind that of the nation, per-capita income has remained stagnant, and the state’s GDP growth has fallen behind that of its neighbors in the Midwest and Great Plains."

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