Posted on 05/23/2012 8:24:17 AM PDT by KansasGirl
TOPEKA — Gov. Sam Brownback on Tuesday signed into law massive tax cuts that he says will boost the economy and create jobs.
“Today’s legislation will create tens of thousands of new jobs and help make Kansas the best place in America to start and grow a small business,” said Brownback, a conservative Republican who made tax cuts his top goal of the 2012 legislative session. “My faith is in the people of Kansas, not the government’s ability to tax and redistribute,” he said.
Brownback’s action came under harsh criticism from Republicans, Democrats and advocates for schools and children.
“This is a tax bill that only a deficit-spending politician who has spent his career in Washington, D.C., could love,” said Rochelle Chronister, a former House assistant majority leader and chair of the Kansas Republican Party. Chronister, speaking on behalf of 55 former legislators called Traditional Republicans for Common Sense, added, “What does it (the tax cuts) do for Kansas? It bankrupts the state within two years.”
(Excerpt) Read more at 2.ljworld.com ...
>>said Rochelle Chronister, a former House assistant majority leader and chair of the Kansas Republican Party. Chronister, speaking on behalf of 55 former legislators called Traditional Republicans for Common Sense, added<<
Why should I care what disgruntled RINOs, who's views are much more in line with the Sebelius's than Brownback's, think? Only a liberal author would think that I do. In fact, their RINOism is what got them thrown out of office and replaced with real (conservative) Republicans.
This is just one example of the blatantly agenda driven, biased "reporting" coming from the KS media regarding these tax cuts. When I set out a few days to do research what was in the bill, I could not find any media reports that actually outlined the details, only editoralizing masquerading as reporting meant to pressure Brownback not to sign the bill and to scare people. You see, letting people keep their own hard-earned money is the "end of KS as we know it" as one media report exclaimed! A "disaster" says another!
Go Sam!
Lets see...even if we assume no new tax revenue due to increased business activity, we are looking at a $4.5 billion decline over 6 years...or $0.75 billion a year, in a budget of $6.2 billion.
That’s a 12% decrease.
I think we can decrease government by 12%....and the sky wouldn’t fall.
A boon?
Brownback’s action came under harsh criticism from Republicans, Democrats and advocates for schools and children.
It must be a good for America?
Curiously the article doesn’t mention that a short two years ago, the state sales tax went up 1 cent on the dollar, from 5.3% to 6.3%...or a 19% increase in state sales tax.
I found a useful guide on our tax situation:
http://skyways.lib.ks.us/ksleg/KLRD/Publications/2012Briefs/Y-3-KansasStateandLocalTaxStructure.pdf
There's not much point in lowering taxes only to have to raise them later - that just creates unnecessary uncertainty.
The question is whether Brownback has a contingency plan to cut spending to balance the budget if tax receipts aren't sufficient.
If so, great. If not, better get one together.
Of course, this concern is quite different from the one expressed by the media, Democrats, and liberal Republicans, who are afraid of exactly that: structural deficits leading to real spending cuts.
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