Tuesday, July 15, 2014
Kansas failed tax-cut ideology
Sam Seder discusses the brilliant regressive tax policy of Kansas Governor Brownback. It's based on the Laffer curve, which says that the less you tax people the more productive they'll be.The regressive Browback bought this repeatedly failed economic policy, lowered tax rates on business and the wealthy, and the results are in. Kansas ran a deficit of $700 million last year. Moody's lowered the State's bond rating. Job growth is one of the lowest in the nation. Net business growth is in the negative. I know, facts don't matter to these folks.