Kansas Tax Cuts Stay Winning: Apologize To Sam Brownback?!?

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 cuts

Developing . . .

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