The GOP’s tax experiment plays out to disastrous end

sam-brownback

While Donald Trump was imploding, primary voters in Kansas went to the polls Tuesday determined to end that state’s disastrous experiment with conservative “supply-side economics.” At least 13 conservative legislators were defeated in Republican primaries by their moderate opponents, including the Senate majority leader, and conservatives were trailing in several other races. (Several other conservative legislators had simply chosen not to run, seeing the tsunami headed their way.)

“Brutal. Brutal. Brutal.” one conservative legislator told the Wichita Eagle-Tribune as he watched the returns coming in. “Absolutely brutal.”

Gov. Sam Brownback, once mentioned in conservative media as a potential presidential candidate because of his success in tax-cutting and because of the economic boom that was certain to follow, wasn’t on the Tuesday ballot. But with so many of his allies defeated, and with a 15 percent job-approval rating, the voters’ disgust with his approach is nonetheless clear. It has produced nothing that its advocates promised, and just about everything that its critics warned against.

Now, moderate Republicans hope to join forces with Democrats in the upcoming Legislature to force a major change of policy direction, and after last night they now have the numbers to do so.

Speaking of numbers, let’s review the results of this supply-side experiment of huge tax cuts for the wealthy and for business:

  • Per capita income growth in Kansas last year ranked 49th in the country, after ranking 12th prior to the supply-side regimen implemented by Brownback and his economic “guru,” Arthur Laffer.
  • Income tax revenue has fallen significantly and has never come close to returning to 2010 levels. (And remember, 2010 revenues were already dismal because of the recession.
  • In late July, with the Kansas budget splattered with so much red that you’d think it was written at a Tulley-Frey wedding, S&P downgraded the state’s bond rating for the second time in two years.
  • Monthly state tax revenue continues to come in below already-meager projections, forcing ever deeper and seemingly never-ending cuts in schools, transportation, state pensions and other government programs. Thousands of teachers have been laid off; schools have closed early.
  • In 2015, the state added a total of 9,400 jobs, while 2.6 million were created nationwide. Total job creation has badly trailed national numbers for the past five years.
  • State GDP growth also is considerably slower than nationally, and state exports are down 6.3 percent.

Of course, the importance of this story extends well beyond Kansas. Had the experiment succeeded, national Republicans and conservative media were poised to celebrate it as laboratory proof that supply-side economics ought to be implemented at the national scale, in Washington. And despite its clear failure, and despite growing bipartisan, populist outrage at income inequity, the GOP continues to base its entire economic policy on massive tax cuts for the wealthy accompanied by significant cutbacks in programs that give the working and middle classes some sense of economic security and stability.

Call it the Kansas Plan.  Call it a disaster.

 

 

Reader Comments 0

1052 comments
debrabc
debrabc

Many people forget that Reaganomics also included building the military. Reagan is the president that armed Osama bin Laden to fight the Russians in Afghanistan. We all know how that turned out!


lovetrumpshate
lovetrumpshate

"with the Kansas budget splattered with so much red that you’d think it was written at a Tulley-Frey wedding"


Great line, Mr. Bookman! ;-)


Interesting that Paul Ryan supports the Kansas Plan for America -- whether it worked or not.

C_Casselberry
C_Casselberry

Let the excuses begin. Wait - the conservative media will ignore this inconvenient truth as they ignore all others - to wit: 

They will welcome us as liberators in Iraq

Iraq has weapons of mass destruction

Abstinence works

Rich people create jobs

ad infinitum

dbm1
dbm1

@C_Casselberry The Iraq war was a very bad blunder.  But were the blunderers the only ones who thought Iraq had weapons of mass destruction?


Abstinence only is a very bad blunder.


For a long time now we have not had a free market.  We have had mixed-economy statism, and the role of government has been growing since before the Civil War.  The greater the role of government, the greater the difference between rich people under mixed-economy statism and rich people under a free market.  A truly free market creates jobs in a better way than government does.


The problems in Kansas are due to putting the cart before the horse.  It does not make sense to reduce revenues while trying to maintain or increase expenditures.  The rational approach is to get government out of areas it shouldn't be in, and then adjust the budget accordingly.

Seamus718
Seamus718

...And this in the front yard of Koch Industries...

Fast100
Fast100

Hey dumbass, 8 years of Obama got us where we are.

Neal0812
Neal0812

National economy is booming comparatively to the world. Incomes remain below other improvements, but that has been increasing over last few quarters. Investment is up, personal debt down, jobs up, unemployment down. Actually, under the Obama administration, we have done pretty well as a country. The problem discussed in this article is all on Kansas.

TimothySmith
TimothySmith

And, as incredible as this might seem, Mississippi's GOP-dominated government has watched Kansas and is following Brownback's script. It's like Mississippi's mom said, 'If Kansas jumped off the roof, would you jump, too?" and Mississippi answers, "Well, yes. Yes we would."  

St Simons he-ne-ha
St Simons he-ne-ha

Trickle down is a disaster, a scam, a lie. 

Nobody's buyin that sham-wow crap anymore.

We're on to the scam. 

2016 is the year trickle down died forevah.

and to pardon the pun, p*ss on its grave. 

Kamchak
Kamchak

Trump as drama queen SHEETZ

St Simons he-ne-ha
St Simons he-ne-ha

This isn't about Trump anymore.

Colorado, Virginia, & PA are off the board, and Fla is leaning way blue.

Without the senate, the Bernie warriors' worst fears are realized - Hillary compromising with sociopaths. 

It doesn't matter if Hils wins by 0.1 or 10.1. If she wants to do anything and not be stonewalled, she needs to make a big decision and throw the money at the senate. 

Donnie_Pinko
Donnie_Pinko

@TBS 

I've already shown via my link that Trump would in fact put troops which would result in a full scale assault

Now you want to make it specific regarding the bombing of Assad

-


But therein lies the nub of the issue. Donald Trump could care less about ousting Assad, but that is exclusively the aim of a growing US foreign policy consensus outside of Barack Obama. 

Trump's desire to destroy ISIS would dovetail nicely with an alliance with Assad and Russia, but that is clearly not what The New York Times has in mind.

TBS
TBS

I've already shown via my link that Trump would in fact put troops which would result in a full scale assault

Now you want to make it specific regarding the bombing of Assad

Hilarious...

Bottom line your original assertion without also bringing in Trump's own comments was weak

We both know it

Don't lose faith in "strangling fascism in its cradle" and who it was you were taking about

Oh how a few months have tempered your thoughts on this issue

Got to run

breckenridge
breckenridge

I don't think Trump will make it to November. The probability of losing to a woman would just be too damaging to his ego.


Time to dust Romney off and spruce him up.

OldJacketFan
OldJacketFan

Any response to my question about "Draconian Regulations"?

TBS
TBS

I was told the other day that Trump should be my candidate because HC will put troops in Syria

I posted Trump's own words on this very issue and that conversation came to an abrupt halt

Just the facts

rimsky
rimsky

@TBS Trolls are like vampires.  They can't stand daylight.

FIGMO2
FIGMO2

@TBS

Trump also said this:

Q: Let's turn to ISIS and what should the United States do about it?

TRUMP: But we're going to have to do something very strong over there. We're going to have to take away the energy, the fuel, the money from ISIS, because, in the case of ISIS-- I've been saying this for years. We have to stop the source of money. And the source of money is oil.

Q: So you'd step up the campaign against ISIS even though you believe that Vladimir Putin is getting stuck in a quagmire by going in?

TRUMP: Well, I'm not looking to quagmire, I'm looking to take the oil. The Middle East is one big, fat quagmire. If you look at the Soviet Union, it used to be the Soviet Union. They essentially went bust and it became Russia, a much smaller version, because of Afghanistan. They spent all their money. Now they're going into Syria. I'm all for Russia going in and knocking and dropping bombs on ISIS. As far as I'm concerned, we don't have to have exclusivity on that.

That's the thing about Trump, he flips and flops on the issues.

Paul42
Paul42

@FIGMO2

The thing about Trump supporters is, they do not care.  Trump is going to 'stir things up' and that is their sole criteria.

rimsky
rimsky

@DS Read somewhere yesterday some solid Red states have become swing states.  And Georgia is one of them.

StraightNoChaser
StraightNoChaser

@DS Morning Joe reported that there is no ground game by Trump in any of the battleground states. I was in VA last month and the RNC headquarters up the street from my brothers house did not even have Trump signs posted.  Some states he's not even going too.  

OldEngineer
OldEngineer


@DS All part of the Trump "secret states" strategery no doubt.

FIGMO2
FIGMO2

@Donnie_Pinko 

Interesting question given our liberals' claim that Putin and Trump are attached to one another.

If what they suspect is true, Trump would never interfere with what Putin's doing in Syria.

It's Hillary who has issues with Putin. She'll go for the full-scale assault. 

breckenridge
breckenridge

@FIGMO2 @Donnie_Pinko 

Yeah well at least Clinton isn't a KGB thug who ran Lubyanka prison and delighted in torturing poor Russians to death who refused to sign bogus confessions.

Eye wonder
Eye wonder

@FIGMO2 @Donnie_Pinko

The claims regarding a connection between Putin and Trump go far beyond this teeny tiny little corner of the webverse, felicia. Pesky facts and all.

schnirt

FIGMO2
FIGMO2

@Paul42 @FIGMO2

When this presidential campaign first began, I committed not to vote for a Bush OR a Clinton. I'm firm in following through on my commitments.

'tis the only thing that precludes me from voting for Hillary.

Paul42
Paul42

@FIGMO2

That is a concern of many progressives. 

Conservatives, however, don't have a problem with that.  Except that it would be Hillary in the lead.  So they'll oppose her.

More of the same.

Paul42
Paul42

@OldEngineer

So she'd be the only major figure in either party to endorse Trump?

Cool.

rimsky
rimsky

The clandestine group’s goal was clear: Obtain the building blocks of a radioactive “dirty bomb” — capable of poisoning a major city for a year or more — by openly purchasing the raw ingredients from authorized sellers inside the United States.//////

Fortunately it was done by an under cover group.

https://www.washingtonpost.com/world/national-security/a-secret-group-bought-the-ingredients-for-a-dirty-bomb--here-in-the-us/2016/08/03/46901c6e-58ae-11e6-9767-f6c947fd0cb8_story.html?hpid=hp_rhp-top-table-main_dirtybomb-7am:homepage/story

St Simons he-ne-ha
St Simons he-ne-ha

@rimsky if there is terrorism of this kind, as the article shows, it's going to come through Texas. 

Can't they secede already? build a wall, new mexico & Oklahoma! La & Arky! come on man! 

OldEngineer
OldEngineer

@St Simons he-ne-ha @rimsky Heck, those brave well armed defenders of the universe in Dallas are available. You know, the "open carry" guys that ran full speed away when the shooting started.

breckenridge
breckenridge

what does the bible say about posters who are full of sheet?

Well let me take a look.......

1KI 4:26 And Solomon had forty thousand stalls of horses for his chariots, and twelve thousand horsemen.

Okay.  What that means is somebody has to clean out those 40,000 stalls.  I don't know who it is going to be, but I'm sure as hell not going to do it.  Nor am I going to clean up Main Street after the parade.  Did you know they teach them that in horse school? Yep.  Horse Etiquette 101 -  Always take a dump during a parade.