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by linkregister
3380 days ago
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Did Kansas's economy tank? I was under the impression that unemployment has dropped at similar rates to comparable states. The primary impact has been massive reduction in the ability of the state government to provide services, including education. That is too long-term to be immediately measurable. |
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Second - Despite being willing to admit I don't know, I HAVE heard it, so I'm definitely open to having what I've heard proven/disproven (to the degree we can with so many variables).
As far as I can tell from my quick searches:
* Kansas private-sector job growth post-tax plan is low. (both regionally and nationally) * The Govt budget has definitely been hit * Kansas unemployment rate is actually BETTER than the national rate...but it seems like it always has been, for the last 25 years at least. (There's a recent spike since May, but even a skeptic of the Brownback plan such as myself is unwilling to attribute the spike to the tax rate without more data) * Kansas GDP growth rate is lower than the regional average and has been since the tax plan was enacted (this may be a red herring, couldn't see what it did before the tax plan, nor how the state GDP compares to it's theoretical potential which would impact tax rate)
So: Based on this I can't conclude the Kansas economy has "tanked" as I originally said...but I also don't see anything indicating an improvement due to the plan either. If cutting tax rates leads to more investment and growth, where should we be seeing that?