Sunday, March 6, 2016

KANSAS GOP ADMIT TAX CUTS TO RICH have caused major Economic Deficit!! OH SHIT - Time to Raise Taxes. GOP screwed up.

http://www.politicususa.com/2015/05/30/kansas-republicans-finally-admit-tax-cuts-wealthy-failed.html

With the state budget forecast to have a 400 million dollar shortfall, Kansas Republicans are finally acknowledging that the massive GOP tax cuts approved under Governor Sam Brownback have not generated the revenue Republican lawmakers promised. The right-wing Kansas Legislature is now contemplating the unthinkable — raising taxes to plug the budget hole.
The legislature which passed drastic tax cuts in 2012 is now scrambling to find ways to undo the damage their shortsighted approach has inflicted upon the state’s economy and its services. Republicans are acknowledging that they can no longer cut their way to growth, having already taken the budget ax to state pensions, public schools, and government programs.
Republican Senator Les Donovan (Wichita) admitted the failure of the GOP’s tax cuts,stating:
We hoped they would just be a magic lantern and everybody would react to it. But, eh, it’s hard to get a company to uproot their business when they’re established and move to another place just because of this difference in tax policy.

No comments: