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“In truth, Kansas is a cautionary tale, not a model,” the
CBPP found. “As other states recover from the recent recession and turn
toward the future, Kansas’ huge tax cuts have left that state’s schools
and other public services stuck in the recession, and declining further –
a serious threat to the state’s long-term economic vitality. Meanwhile,
promises of immediate economic improvement have utterly failed to
materialize.”
Paul Krugman added that while the Kansas experiment failed, everyone involved should have known in advance that the outcome was inevitable.
There’s an important lesson here – but it’s not what you
think. Yes, the Kansas debacle shows that tax cuts don’t have magical
powers, but we already knew that. The real lesson from Kansas is the
enduring power of bad ideas, as long as those ideas serve the interests
of the right people.
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