The Failed Republican experiment in Kansas....

[JimH52]

http://cjonline.com/news/2016-02-22/speaker-denounces-tax-path-kansas-calls-it-failed-experiment


Cuts to individual income taxes and small businesses left a revenue shortage that hasn’t been made up by the property and sales tax hikes, she said, noting that Kansas has the highest tax on groceries in the nation. Though nine other states don’t have income tax, they have other ways of generating revenue such as oil and gas or tourism, according to McKay.

Additionally, benefits touted by supporters of the tax changes haven’t materialized. In theory, paying less in income tax would mean people would have more to spend. Those making $42,000 to $68,000 are only saving $29 per year on taxes. Those earning $493,000 or more save more than $24,000 annually. However, McKay said top earners aren’t reinvesting locally.

Tax cuts on small businesses also were supposed to save companies money, leading to more workers being hired. But the savings haven’t been enough to take on more full-time employees for the majority of the businesses, and many businesses reinvest that savings in other ways, McKay said.
_______________________________________________________________________________________

This is what the GOP wants to do for America! GOOD GRIEF!

 

[Soggy in NOLA]

Whatthefuckever... we know Jim, you're entitled to a cut of everyone's paycheck.

Mooch.

 

[SuperDemocrat]

More than likely they leave out facts such as revenues always increase quite dramatically with income tax decreases.

 

[JimH52]

More than likely they leave out facts such as revenues always increase quite dramatically with income tax decreases.

It is a shell game for the GOP. they cut corporate and individual income taxes and increase the sales tax. So the big businesses and the affluent pay less, while the working poor pick up the difference when they shop for the things they need. "NOW YOU SEE IT, NOW YOU DON'T"

 

[martybegan]

http://cjonline.com/news/2016-02-22/speaker-denounces-tax-path-kansas-calls-it-failed-experiment


Cuts to individual income taxes and small businesses left a revenue shortage that hasn’t been made up by the property and sales tax hikes, she said, noting that Kansas has the highest tax on groceries in the nation. Though nine other states don’t have income tax, they have other ways of generating revenue such as oil and gas or tourism, according to McKay.

Additionally, benefits touted by supporters of the tax changes haven’t materialized. In theory, paying less in income tax would mean people would have more to spend. Those making $42,000 to $68,000 are only saving $29 per year on taxes. Those earning $493,000 or more save more than $24,000 annually. However, McKay said top earners aren’t reinvesting locally.

Tax cuts on small businesses also were supposed to save companies money, leading to more workers being hired. But the savings haven’t been enough to take on more full-time employees for the majority of the businesses, and many businesses reinvest that savings in other ways, McKay said.
_______________________________________________________________________________________

This is what the GOP wants to do for America! GOOD GRIEF!

Of course progressive policies get decades to screw things up, and when they go really south, the progressive solution is "more of the same, with more of your money". Meanwhile more fiscally prudent policies get a few years at most, and if they don't deliver 100% of what was expected, FAILURE FAILURE FAILURE

 

[JimH52]

http://cjonline.com/news/2016-02-22/speaker-denounces-tax-path-kansas-calls-it-failed-experiment


Cuts to individual income taxes and small businesses left a revenue shortage that hasn’t been made up by the property and sales tax hikes, she said, noting that Kansas has the highest tax on groceries in the nation. Though nine other states don’t have income tax, they have other ways of generating revenue such as oil and gas or tourism, according to McKay.

Additionally, benefits touted by supporters of the tax changes haven’t materialized. In theory, paying less in income tax would mean people would have more to spend. Those making $42,000 to $68,000 are only saving $29 per year on taxes. Those earning $493,000 or more save more than $24,000 annually. However, McKay said top earners aren’t reinvesting locally.

Tax cuts on small businesses also were supposed to save companies money, leading to more workers being hired. But the savings haven’t been enough to take on more full-time employees for the majority of the businesses, and many businesses reinvest that savings in other ways, McKay said.
_______________________________________________________________________________________

This is what the GOP wants to do for America! GOOD GRIEF!

Of course progressive policies get decades to screw things up, and when they go really south, the progressive solution is "more of the same, with more of your money". Meanwhile more fiscally prudent policies get a few years at most, and if they don't deliver 100% of what was expected, FAILURE FAILURE FAILURE

READ! The reason that the GOP Legislature wants to get rid of judges is because the Judges say the state needs to fund their schools. But the tax cuts are now in the pockets of big corporations and the rich.

Another GOP experiment gone wrong.

 

[martybegan]

http://cjonline.com/news/2016-02-22/speaker-denounces-tax-path-kansas-calls-it-failed-experiment


Cuts to individual income taxes and small businesses left a revenue shortage that hasn’t been made up by the property and sales tax hikes, she said, noting that Kansas has the highest tax on groceries in the nation. Though nine other states don’t have income tax, they have other ways of generating revenue such as oil and gas or tourism, according to McKay.

Additionally, benefits touted by supporters of the tax changes haven’t materialized. In theory, paying less in income tax would mean people would have more to spend. Those making $42,000 to $68,000 are only saving $29 per year on taxes. Those earning $493,000 or more save more than $24,000 annually. However, McKay said top earners aren’t reinvesting locally.

Tax cuts on small businesses also were supposed to save companies money, leading to more workers being hired. But the savings haven’t been enough to take on more full-time employees for the majority of the businesses, and many businesses reinvest that savings in other ways, McKay said.
_______________________________________________________________________________________

This is what the GOP wants to do for America! GOOD GRIEF!

Of course progressive policies get decades to screw things up, and when they go really south, the progressive solution is "more of the same, with more of your money". Meanwhile more fiscally prudent policies get a few years at most, and if they don't deliver 100% of what was expected, FAILURE FAILURE FAILURE

READ! The reason that the GOP Legislature wants to get rid of judges is because the Judges say the state needs to fund their schools. But the tax cuts are now in the pockets of big corporations and the rich.

Another GOP experiment gone wrong.

Its not fund the schools, its fund the schools MORE. Show me one Republican in Kansas that wants to defund schools entirely.

 

[IsaacNewton]

The interesting thing that happened when Kansas cut taxes and California hiked them


"Standard & Poor’s and Moody’s Investors Service have signaled that they could reduce Kansas’s credit rating, indicating there is a chance the state cannot pay its bills."

"The shortfalls have forced Gov. Sam Brownback (R) and lawmakers to make additional adjustments. The state canceled the initial reduction in sales taxes, then increased them again, while delaying additional scheduled reductions in the income tax.

On the whole, Brownback’s policies modestly increased taxes for the poor and working class, who pay more in sales taxes than income taxes, while reducing taxes drastically for the rich.

The poorest 20 percent of households -- those making less than $23,000 a year -- are paying about $200 more, on average, according to an analysis by the Institute on Taxation and Economic Policy in Washington. For the middle class, the changes have been a wash, with less-affluent households paying somewhat more and more-affluent households giving up a little less.

Meanwhile, the wealthiest 1 percent of households, those making at least $493,000 a year, are saving an average of $25,000."


And if you asked any of the GOP legislators or governor in Kansas they'd claim to be Christian. They aren't, they are fake Christians or kristians. And they continually fail at economics and financial matters but have a never ending penchant for calling everyone else 'socialists'.

Steal from the poor and give to the rich. That sounds like the bizarro world Jerry. Well, to Jesus Christ anyway.