Now if we could only do something about that pesky Income Tax......
Posted on 04/01/2015 6:34:31 AM PDT by cotton1706
Tax Policy: Liberals threw every punch they had at Kansas Gov. Sam Brownback last fall, hoping to unseat the Republican for the sin of cutting tax rates to stimulate job growth and economic revival. 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 of what happens when you try to ride the Laffer Curve and cut taxes.
Here's what you won't read today: The tax cut is working. Labor Department data show job growth in Kansas tied with Utah as the fastest in the nation in February.
Back in 2012, 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. That's a good problem to have."
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.
The Kansas Policy Institute ran the numbers and found that "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 also 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.
(Excerpt) Read more at news.investors.com ...
IS Kansas LGBT friendly?? Otherwise $hit will hit the fan.
Nice try. The cuts are only to the increase in spending. Rock Chalk!
The tax cut is working. Labor Department data show job growth in Kansas tied with Utah as the fastest in the nation in February.
Kansas ping!
Lamestream still running with a report that Kansas lagged neighboring states in job growth. This report released just before the election. Two weeks ago, quietly revealed that the report was false. Very quietly. You won’t find the correction in any of the I-Hate-Brownback-Because-the-Democrats-said-I’m-Supposed-To papers.
The facts proven by another researched showed that Kansans typically voted Republican for economic reasons. Social reasons were secondary. And they are being proved right with the success of this tax cut.
That’s “Kansans” without a possessive. Not “Kansan’s.”
Of course not!!
Now if we could only do something about that pesky Income Tax......
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