Wednesday, August 27, 2014
MUST READ!!! JACK CASHILL MYTH-BUSTS KANSAS TAX CUT MEDIA HATERATION!!!
In his latest column for Ingram's Conservative columnist Jack Cashill tells the story of a Kansas City IT firm that skipped across the State Line to the Sunflower State thanks to Gov. Sam Brownback's income tax cuts.
The story offers real world deets of controversial legislation and decision making process of small biz owners.
Here's a tragic line that readers of this blog know all to well . . .
"Kansas City had been prompting him to move for most of the 35 or so years the firm had been in the business, 25 of those on the Country Club Plaza. The earnings-tax bite started small and kept growing. Basic city services started strong but kept declining. And lately, water main breaks were playing havoc with the firm’s IT capabilities."
Check the entire tax snipping treatise right here:
Dissecting the Interest in Kansas’ Tax-Rate Cutting
Money quote . . .
"Since the tax cut went into effect, the national media have taken an oddly perverse interest in the Kansas economy. The very same pundits who are still encouraging us to give Obama’s economic policy more time are raining doomsday predictions on a Kansas policy that kicked in more than three years after Obama took office . . .
"The fact that Kansas cut income taxes for everyone who pays them does not hold much interest for the chattering classes. Nor does the fact that in 2013, the first full year of the tax cuts, real GDP for the private sector in Kansas grew at a rate of 2.4 percent. National GDP in that same year grew at 2.2 percent. In 2012, private sector GDP in Kansas rose only 0.5 percent.
"The media continue to remind Kansans—anyone who will listen, for that matter—that the state’s private job growth still lags behind the region and nation, but, as The Wall Street Journal reports, “Since the tax cuts took effect in January 2013, Kansas has actually whittled the employment gap with neighboring states.”"
In the end, this economic debate is the only one that Rep. Paul Davis is willing to engage in and these inconvenient stories and stats not only challenge his tax cut criticism but might very well take apart his only argument and leave him touting higher taxes for the Sunflower state which isn't really a proposition that's popular with voters.
Developing . . .