
This post requires a bit of knowledge about regional politics to understand . . .
We'll try to make it quick . . .
The summary from wiki . . .
"The Kansas experiment was a name given to a controversial and widely noted tax-cutting policy/agenda of Kansas Governor Sam Brownback that began with Brownback signing a bill cutting state taxes (Kansas Senate Bill Substitute HB 2117), in May 2012, and ended with the Kansas legislature's repeal of the bill in June 2017 . . ."
The aftermath . . .
Democratic leaders used "the Brownback legacy" to shame Republicans and win back the Governor's mansion . . . In fact, when Kansas Democrats run out of ideas . . . They're still raging against Brownback policy.
However . . .
There might have been other factors at play when it comes to Kansas harsh times . . . And this note hopefully confuses political understanding of finance even more . . . Check-it:
Kansas collected significantly more individual income tax revenue than projected in May, exceeding estimates by 85%.
State officials acknowledge the difficulty in predicting revenue following tax cuts but also cite increased jobs and wages as contributing factors.
Despite exceeding revenue projections, concerns remain about the long-term budget outlook and the need for continued fiscal responsibility.
Read more via www.TonysKansasCity.com link . . .
CJOnline: Kansas total tax collections surged in May, as GOP claims vindication for cutsDeveloping . . .
Comments
Post a Comment
TKC COMMENT POLICY:
Be percipient, be nice. Don't be a spammer. BE WELL!!!
- The Management