Kansas Considering Raising Taxes

[Attorney General & PPT Dwarven Dragon]

http://www.nytimes.com/2015/05/30/us/politics/to-fill-budget-hole-kansas-republicans-consider-the-unthinkable-raising-taxes.html?ref=politics&_r=2

TL;DR: The tax cuts passed under Gov. Brownback did not create the economic growth they were supposed to, and there isn't much more the state can cut without harming popular programs too much, so the legislature may agree to raise taxes.


Maybe now the national republican party will take "Tax cuts to the rich are amazing! amazing! amazing!" out of their platform.

[Ebsy]

Maybe now the national republican party will take "Tax cuts to the rich are amazing! amazing! amazing!" out of their platform.

Don't bet on it.

[HAnnA MArin County]

Maybe now the national republican party will take "Tax cuts to the rich are amazing! amazing! amazing!" out of their platform.

Don't bet on it.

$10,000?

Yes. Republicans fundamentally believe that government can do nothing good (except tell us what we can and cannot do with our bodies and whom we can and cannot love), and then they get elected and prove it. Cutting taxes for the wealthy "job creators" will never be removed from Republican politics, at least not anytime soon.

[🦀🎂🦀🎂]

That's what you get for electing tax and spend conservatives.

[DC Al Fine]

The Laffer curve is a thing guys. Cutting from 90% and cutting from 15% produce very different results.

[Maxwell]

The Laffer curve is a thing guys. Cutting from 90% and cutting from 15% produce very different results.

This post.

[King]

The problem with the Laffer Curve is that a recession always ends up catching up to it before it can be proven right, sinking revenues. It academically makes sense more than it does in reality.

But DC is right that there are diminishing returns. There are diminishing returns with all tax cuts.

[All Along The Watchtower]

The problem with the Laffer Curve is that a recession always ends up catching up to it before it can be proven right, sinking revenues. It academically makes sense more than it does in reality.

But DC is right that there are diminishing returns. There are diminishing returns with all tax cuts.

Remember when Congress passed two massive tax cuts within a few years of each other, with the second one passed while America was fighting two wars - neither of which were line-items in the federal budget until 2009?

Good times.

[RINO Tom]

Maybe now the national republican party will take "Tax cuts to the rich are amazing! amazing! amazing!" out of their platform.

Don't bet on it.

$10,000?

Yes. Republicans fundamentally believe that government can do nothing good (except tell us what we can and cannot do with our bodies and whom we can and cannot love), and then they get elected and prove it. Cutting taxes for the wealthy "job creators" will never be removed from Republican politics, at least not anytime soon.

It's never not been part of GOP policy.

[ElectionsGuy]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

[RFayette 🇻🇦]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

Schools and roads are very popular; the GOP is keen to cut welfare and social spending, but it's much tougher politically to cut education and infrastructure at the state level.

[ElectionsGuy]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

Schools and roads are very popular; the GOP is keen to cut welfare and social spending, but it's much tougher politically to cut education and infrastructure at the state level.

Definitely. If taxes are at a level to where they exceed or meet the levels of funding needed for popular things that you mentioned like education and infrastructure, then they shouldn't cut taxes any longer. Now that they did that and they have to walk it back, they look really bad.

[RFayette 🇻🇦]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

Schools and roads are very popular; the GOP is keen to cut welfare and social spending, but it's much tougher politically to cut education and infrastructure at the state level.

Definitely. If taxes are at a level to where they exceed or meet the levels of funding needed for popular things that you mentioned like education and infrastructure, then they shouldn't cut taxes any longer. Now that they did that and they have to walk it back, they look really bad.

I agree.  Most people want good roads and well-funded local schools.  Things like welfare, environmental agencies, etc. are not so popular and conservatives can vigorously cut these areas without a problem in GOP states.  But once you touch education or highways by cutting funding, you're in for a world of hurt. 

[DrScholl]

The assumption that tax cuts can spur businesses to create jobs and put money back into the economy is a weak one. For one thing, there are economic factors that can prevent business from expanding and for another, even with a tax cut, it isn't always feasible to expand. And lastly, some businesses don't create more jobs or expand simply because they don't want to. Even if they have the money and the means, it's just not an option some businesses choose to pursue.

[King]

Businesses expand because there is more work to be done. More customers and more untapped potential to expand profit.

Honestly tax cuts at a certain point disincentive expansion because they make it easier to turn a profit with less scale.

[Likely Voter]

The fact that reality refuses to accept the genius of dynamic scoring shows a clear liberal bias.   Thanks Obama

[RINO Tom]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

It wouldn't matter even if they had; tax cuts don't work, Atlas told me.

[🦀🎂🦀🎂]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

It wouldn't matter even if they had; tax cuts don't work, Atlas told me.

If your aim is to reduce deficit, then yes, cutting taxes doesn't work.

[Rockefeller GOP]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

It wouldn't matter even if they had; tax cuts don't work, Atlas told me.

If your aim is to reduce deficit, then yes, cutting taxes doesn't work.

Well, if we're being this simple, it would absolutely work if you also cut spending.

Of course, I doubt there's a single cent Atlas would consider spending worthy of being cut.

[Ebsy]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

It wouldn't matter even if they had; tax cuts don't work, Atlas told me.

If your aim is to reduce deficit, then yes, cutting taxes doesn't work.

Well, if we're being this simple, it would absolutely work if you also cut spending.

Of course, I doubt there's a single cent Atlas would consider spending worthy of being cut.

I'm in favor of cutting penis-pumps from Medicare coverage.

[Samantha]

Businesses expand because there is more work to be done. More customers and more untapped potential to expand profit.

Honestly tax cuts at a certain point disincentive expansion because they make it easier to turn a profit with less scale.

This is a very good point. Busineeses grow when demand grows, not supply.

[publicunofficial]

Yuck. Republicans don't cut government enough that the tax cuts create deficits? Not surprising.

It wouldn't matter even if they had; tax cuts don't work, Atlas told me.

If your aim is to reduce deficit, then yes, cutting taxes doesn't work.

Well, if we're being this simple, it would absolutely work if you also cut spending.

Of course, I doubt there's a single cent Atlas would consider spending worthy of being cut.

There's always the defense budget.