June 14, 2015

WE ARE ALL NEOCONOMIST NOW:

Brownback Finds Himself on Wrong Side of a Tax Hike (ERIC PIANIN, 6/14/15, The Fiscal Times)

Kansas Gov. Sam Brownback - the supply side Republican who made his reputation by slashing income taxes in hopes of boosting his state's economy -- now finds himself on the wrong side of the tax issue.

With his state facing large deficits because of a chronic deficiency in tax revenues brought on by the governor's zealous tax cuts shortly after taking office, Brownback reluctantly asked the state legislature to raise sales and cigarette taxes to help close a yawning budget deficit. Without it, he warned, the state would have to make deep and dangerous cuts to schools, prison and other programs.

Just transition all the state's taxes to consumption taxes and raise or lower them as needed.

Posted by at June 14, 2015 10:01 AM
  

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