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To: Blackirish

Do you understand what supply-side economics is? If you do, and you think that Brownback’s tax cuts are hurting the Kansas economy, then you are in the wrong party. The party that believes tax cuts are bad is the Democrat Party, not the Republican Party.


46 posted on 08/12/2014 3:07:49 PM PDT by vbmoneyspender
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To: Blackirish; centurion316; DoodleDawg
Real (inflation-adjusted) GDP data just published by the Bureau of Economic Analysis shows the Kansas private sector did much better in 2013 than in 2012.

Kansas’ rate of Private Sector GDP growth increased in 2013 while most states saw declining growth. Granted, 2012 was a pretty rough year for Kansas, but it’s noteworthy that Kansas bucked the national trend in 2013. One year does not a trend make, but this is still encouraging.

Kansas grew faster than the fifty-state average in 2013 and also grew faster than the states that tax income and the states with the highest state-and-local tax burden (as ranked by the Tax Foundation).

This is also a good reminder that states with lower tax burdens have superior economic growth, which was the primary reason driving tax reform in Kansas. Like most high-burden states, Kansas suffered economic stagnation over the last fifteen years with slower job growth and wage and salary disbursements. The trends won’t change overnight, but these new GDP numbers are certainly good indicators that Kansas is going in the right direction.

48 posted on 08/12/2014 3:16:14 PM PDT by vbmoneyspender
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