Aprils Fools On Dems ➠ Tax Cuts Bringing Jobs And Prosperity To Kansas
Cut taxes and they will come.
Liberals threw every punch they had at Kansas Gov. Sam Brownback last fall, hoping to unseat the Republican for the sin of cutting tax rates to stimulate job growth and economic revival. Guess who’s still standing.
From the New York Times to the Kansas City Star, Brownback’s agenda was denounced as a failure and a warning to others of what happens when you try to ride the Laffer Curve and cut taxes.
Here’s what you won’t read today: The tax cut is working. Labor Department data show job growth in Kansas tied with Utah as the fastest in the nation in February.
Back in 2012, Brownback cut the highest income-tax rate from 6.4% to 4.8% with the goal of eventually eliminating the state income tax entirely. The tax on small business income was zeroed out. It was denounced as “trickle-down economics,” though the state’s unemployment rate is now down to 4.5%.
“The number one complaint I’m hearing now,” Brownback tells us.[…]
Wages are also growing in Kansas. Before the tax cut, workers on KC’s Kansas side earned 40 cents an hour more than Missouri workers. Now the gap is $3.
The idea behind the Kansas tax cut was to provide long-term growth incentives for a state that has traditionally lagged the rest of the nation. The left seized on budget deficits in recent years as evidence that the plan wasn’t working. But that was due to an unwillingness of legislators to cut spending to match the tax cuts.