Posted on 06/12/2015 6:24:01 AM PDT by paul544
TOPEKA, Kan. (AP) — Republican leaders pushed a new plan for raising taxes through the Kansas House early Friday morning, hours after top aides to GOP Gov. Sam Brownback warned them that failing to erase a budget deficit risked funding for universities and invited a downgrading of the state's bond ratings.
(Excerpt) Read more at news.yahoo.com ...
Why not start laying off tax-leaches (employees) instead?
When I am running short of funds (like know, after paying cash for a new car), I cut back spending and work harder. (I am commission-based). I would never think of asking others to bail me out.
CUT THE FRICKIN’ BUDGET, SAM! You act like a Democrat.
It is hard to prove that the Laffer Curve works or does not work on a micro economic unit such as a single state. The article also does not mention efforts at controlling spending, etc. that are necessary for the Laffer curve to work.
Again?
Agreed, but the headline, bumper sticker slogan will be the same as “Read my lips....”
So in other words you cut back spending and increase income to deal with your deficit. That's what the legislature did.
I believe that the income projections from the tax cuts have never materialized so the legislature has been dealing with deficits each of the past couple of years by cutting spending. I guess they just ran out of things they were willing to cut any further.
No. He worked harder. The legislature doesn’t have to work at all to increase income. They just sign their names and the money magically appears. The rest of us have no such option.
I have never Trusted You!
He has all the Government sense of Water Bottle!
They’ve tried in the past, but the %($%^ state Supreme Court always demand more and more money for the school - so anytime budgets are actually cut (read: not increased), the legislature’s ordered to put the money back in.
I never supported him for Governor. However I’m more disappointed in the legislature. They were the ones that kept his liberalism in check. He was doing a decent job without having leftist bills put on his desk by a good legislature. Until now.
The government equivilent of working harder is taxing more. That's the only way they get revenue.
Won't matter. Brownback is term limited and his hopes of slashing taxes and producing a Kansas Miracle that would teleport him into a vice-presidential nomination died a year or two ago when the first deficits appeared. So after Topeka he'll have to find something else to do.
There’s no equivalency at all. If you have to actually work harder for something, it means more. You’re less like to then waste what you’ve worked harder for. When the “equivalent” of working harder is making others pay for your actions, that’s not the same thing at all.
“When I am running short of funds (like know, after paying cash for a new car), I cut back spending and work harder. (I am commission-based). I would never think of asking others to bail me out.
CUT THE FRICKIN’ BUDGET, SAM! You act like a Democrat.”
Exactly. They should raise the money by getting paper routes or mowing yards on the weekends lol.
They should also get a big jar to save all their extra change in. You can save a lot more money than you think that way hahaha.
I don’t really follow KS. What was the main reason they didn’t see the results they expected?
If the GOP gives up on Reaganomics, they’ve got, what??
“We’re just like the Democrats, only a bit less so.” ?
How in the heck is THAT a winning strategy?
He cut and in some cases eliminated business taxes, income taxes and business fees especially for LLCs. The expectation that with the savings the companies, especially the small companies, would expand, employment would grow, and revenue would rise. What happened is that most of the LLCs just kept the savings. So job creation has been nowhere near what they had hoped, and in many months has lagged neighboring states, and the revenue hasn't materialized. Will it work eventually? Hard to say. Logic would say that eventually the tax cuts will promote more hiring and more revenue but nobody has any idea when that will happen. In the mean time the state has been cutting budgets for schools and roads and whatnot like crazy, the credit rating has been downgraded I think twice, and Brownback has been forced to beg the legislature to pass what the local media has been smugly calling the largest tax increas in state history.
That’s already happening with a series of furloughs. I’m with you though, let the lay offs happen. At our courthouse they have figured out how to do with less. Schools can certainly do that too, both public and universities. Kansas I think has the most colleges and junior colleges per capita of any state in the union. Every little town has a juco. Or at least they did when I was at KU.
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