|
|
|
|
|
by ergothus
3380 days ago
|
|
First - I was wrong to mention the "local economy" because I don't actually know. I _meant_ the govt budget. 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? |
|