Posted on 04/01/2015 2:22:37 PM PDT by TWhiteBear
Tax Policy: Liberals threw every punch they had at ,, Sam Brownback last fall, .. Guess who's still standing. From the New York Times to the Kansas City Star, Brownback's agenda was denounced as a failure and a warning to others .. when you try to ride the Laffer Curve and cut taxes. Here's what you won't read today: The tax cut is working. ...job growth in Kansas tied with Utah as the fastest in the nation in February. Brownback cut the highest income-tax rate from 6.4% to 4.8% with the goal of eventually eliminating the state income tax entirely. The tax on small business income was zeroed out. It was denounced as "trickle-down economics," though the state's unemployment rate is now down to 4.5%. "The number one complaint I'm hearing now," Brownback tells us, "is we can't find the workers. ..." Where the jobs are really showing up is on the Kansas side of Kansas City. Because tax rates are lower in Kansas than in Missouri, the Kansas side of the metro area produced twice as many jobs as the Missouri side from 2012 to 2014.... "over the last two years — post-tax reform — private-sector jobs increased by 5.6% on the Kansas side of the metro and only 2.2% on the Missouri side." ,, Wages are .. growing in Kansas. Before the tax cut, workers on KC's Kansas side earned 40 cents an hour more than Missouri workers. Now the gap is $3. The idea behind the Kansas tax cut was to provide long-term growth incentives for a state that has traditionally lagged the rest of the nation. But Democrats have told America that Kansas is a test case as to whether income-tax cuts make a place more prosperous. So far, the answer .. is that they do.
(Excerpt) Read more at news.investors.com ...
Voodoo Economics!!(/lib speak)
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