Tuesday, January 31, 2017

Three Reasons Trickle-Down Tax Cuts Don’t Work

Three Reasons Trickle-Down Tax Cuts Don’t Work:

"Among those claiming that Trump’s plan will spur economic growth are the same folks who told us that a trickle-down tax cut experiment in Kansas in 2013 would bring an “immediate and lasting boost” to the state’s economy. Four years later, that immediate and lasting boost has not only failed to materialize, but the opposite has happened: Kansas’s economy has grown more slowly than surrounding economies and the national average. The state’s bond rating has been downgraded and its budget can charitably be described as being in shambles."

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