Post by the Scribe on May 10, 2020 19:03:36 GMT
When Tax Cuts Failed
The Atlantic
489K subscribers
In 2012, Kansas passed one of the largest income tax cuts in the state’s history. Today, it serves as a cautionary tale.
Do tax cuts spur growth? What we can learn from the Kansas budget crisis
PBS NewsHour
1.81M subscribers
Four years ago, businesses in Kansas went from paying over 6 percent taxes to paying nothing at all, as part of a Republican experiment to boost the limp state economy. But when the massive drop in tax revenue destabilized the economy lawmakers started slashing the budget and social programs and underfunding schools. Economics correspondent Paul Solman reports on what happened next.