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smaller gubmint!!!!! but don't you dare touching my farming subsidies!
how's that data looking now?
smaller gubmint!!!!! but don't you dare touching my farming subsidies!
^hands off my Medicare too!
Ask me again after they put a Dem in there and raise taxes.
Still failing.
Certainly the reduced collections from corporate income tax and severance tax contributed to the dismal FY 2016 revenue results, but they pale in comparison to the income tax collection loss.
To deal with the severe budget problems created by the income tax cuts, lawmakers have blown through reserves, borrowed, raided the highway fund, taken money from children’s programs, cut services, and raised the sales tax rate. But they have not addressed the source of the problem—unaffordable income tax cuts. As a result, Kansas literally scrapes by financially, day by day, unable to invest in the future.
Kansas budget falls short again; $75 million payment to schools delayed
Kansas is withholding its June payment to schools of $75 million by a week in order to keep the budget in the black
http://ksn.com/2016/07/01/kansas-bud...hools-delayed/TOPEKA, Kan. (KSNW) — The Kansas budget took another hit in the month of June, once again falling short of revenue projections. One of the side effects of the shortfall will impact schools in the state.
Kansas is withholding its June payment to schools of $75 million by a week in order to keep the budget in the black
The state missed its June 2016 revenue projections by more than $34.5 million. Overall in June, the state expected to bring in more than $609.9 million in tax revenue. Instead, it reported tax revenue of $575.4 million.
For fiscal year 2016, the state expected to collect more than $5.6 billion. Total revenues for the fiscal year amounted to about $5.5 billion, or more than $107.3 million less than revenue projections.
While the state has withheld payments to Kansas schools in the past due to cash flow issues, the June payment withholding amount is greater than originally predicted.
“It’s unusual that we increased the amount at the end of the year,” said Deputy Education Commissioner Dale Dennis.
Dennis says the extra amount will help replenish the deficit that was created in June.
“That was the number chosen by the budget division in order to accommodate the general fund cash flow.”
Borrowing from one time period to pay the next.
When people do this it is call kiting. It catches up with you eventually.
Kansas now 33,000 jobs behind Sam Brownback’s 2014 campaign pledge
Read more here: http://www.kansascity.com/opinion/op...#storylink=cpy
The Sunflower State had the sixth worst job growth rate in the country over that year of minus 0.1 percent, according to the federal Bureau of Labor Statistics.
▪ Kansas is more than 33,000 jobs behind the 2014 campaign pledge of Gov. Sam Brownback that the state would gain employment of 100,000 people in his second term. That’s a gain of just under 2,100 jobs a month.
At that pace, Kansas could have added more than 35,000 jobs in the 17 months since January of 2015 marked the start of Brownback’s final term.
Oops: The total gain in those 17 months was only 1,700 jobs.
That’s right. Kansas has added an average of just 100 jobs a month since Brownback’s second term began.
Clueless Sam Brownback, angry lawmakers a toxic mix during Kansas’ fiscal crisis
Read more here: http://www.kansascity.com/opinion/ed...#storylink=cpy
The state’s ever-ballooning financial crisis includes borrowing $900 million, taking $45 million from a Medicaid fund, stealing more sales tax money from highway repairs and cutting state support for prisons. The state’s revenue swoon is continuing in June, budget officials say.
And on Thursday, lawmakers were desperately trying to find pennies in the couch to keep public schools open past June 30.
The day before, Hensley had tried to persuade Brownback into finally taking some responsibility for the “fiscal mismanagement” that slashed income taxes for Kansans, eliminated them for 330,000 LLCs and reduced state revenues a whopping $650 million a year.
“When is it we’re going to admit that what is happening in this state is wrong?” Hensley asked at Wednesday’s meeting of the State Finance Council. “We are in a downward spiral when it comes to the fiscal management of this state, and we have to correct our house.”
Brownback responded, “Well, Sen. Hensley, I couldn’t disagree more with you.”
Those are dismaying words from a governor who continues to ignore reality, even as the state’s financial fortunes have further deteriorated in the last few months. Brownback blames everything but himself for the state’s budget woes.
He claims — without providing any compelling evidence — that the economy would be worse off without the tax cuts.
"governor who continues to ignore reality"
yawn, he's Repug. They all live in an anti-rational, anti-science, emotion-driven echo-chamber fantasy world.
Sam Brownback kills report that would show how his Tea Party policies destroyed the Kansas economy
Sarah K. Burris
26 Sep 2016 at 09:17 ET
Read more: http://www.rawstory.com/2016/09/sam-...ansas-economy/Kansas Governor Sam Brownback enacted his grand “tea party experiment” of Republican government, where he and his Republican-led legislature cut taxes and significantly reduced spending. The result has been catastrophic for the state’s economy and for jobs, but a report that would detail just how catastrophic is now being censored by the Brownback administration.
According to a shocking Kansas City Star report, Brownback set up a group in 2011 that would put out quarterly reports showing the impact of Brownback’s economic laws. His problem, of course, is that the reports don’t show what he hoped they would. Instead, they reflect the downward spiral of the Kansas economy thanks to Brownback’s failed policies.
Last January, Brownback tried to hide the report when it showed something he didn’t like. Now, they’re going a different route and killing the report entirely. Brownback had hoped that the report would reflect a sudden jolt of economic excitement with the tax cuts. Now, they show that “Kansas sometimes was faring worse than it had before Brownback became governor.”
The administration flatly rejects this account of where the report went, claiming it was always too complicated for people to understand.
Looks like you ran away screaming from this.
Think that these failed policies will work out at the federal level?
You can't seriously compare a state with the US because states have to balance budgets and can't run a deficit and the US can and does.
and, eg KS and LA, have bot run HUGE REPUG DEFICITS that have both states cutting essential services, esp education, so "fiscal responsibility" by Repugs is a ING LIE.
http://www.forbes.com/sites/rexsinqu.../#5a7d71255992
Kansas: An Unsung Hero For Economic Growth
During this news cycle, the Midwestern governor occupying the greatest media bandwidth is the one just selected for a spot on the GOP ticket. We can certainly expect to see Indiana Governor Mike Pence’s name all over the news for the next four months, but it’s also worth taking a look at how other Midwestern governors are making a real impact, and at the state level.
Now in the third year of his bold tax experiment, Kansas Governor Sam Brownback can see the ways in which reducing (and, in many cases, eliminating) the state income tax is yielding incremental, positive effects for Kansans.
Significantly, every year since the tax cuts were implemented, Kansas has surpassed the state record for new business formations. When we consider that startups have decreased nationwide since the Great Recession of 2008, this achievement is particularly remarkable. What’s more, the Kansas unemployment rate stands at 3.7% – the lowest the state has seen since 2001, and well below the national average of 5.5%.
Why the incremental success in Kansas? We certainly can’t attribute these victories to the state’s core industries; due to economic turmoil felt nationwide, Kansas too has seen dips in farm incomes (owing to consistently low crop prices and steep declines in cattle prices), a fall in commodity prices and exports, sluggish movement in oil and natural-gas markets, and declining manufacturing. Without these four industries buoying Kansas’ economy, we must look to other factors: namely, the income tax cut that continues to make a real difference, particularly for small businesses and working families.
Governor Brownback put his faith in the private sector to grow the Kansas economy, rather than the government. By eliminating the income tax for small business, the Brownback administration effectively put money back in families’ pockets and provided promising new businesses with an environment primed for growth. Following the major tax reform in 2013, individual income taxes for individuals, families and small business went down by 30% on average. Seventy-one percent of the savings went to individuals and families, who could then save or spend as they chose. Twenty-nine percent of the savings went to small businesses, allowing them to make larger investments in equipment, space and staff.
Prior to tax reform, Kansas possessed the second-highest individual income tax in the region; today, it is the region’s second-lowest, bested only by Colorado. This is meaningful not just for small businesses and middle- to upper-class families, but also for Kansans of fewer means. Kansas now offers the highest Earned Income Tax Credit in the region. Plus, the Brownback administration increased the standard deduction for “head of household” filings in order to help single-parent households. Importantly, 388,000 of the lowest-income Kansans have been removed from the tax rolls, leaving them with zero tax liability.
Equally important from a regional perspective is that fact that Kansas is gaining ground over neighboring Missouri when it comes to gains in net adjusted gross income. In 2013, the same year that the Brownback tax cuts took effect, Kansas experienced a positive reversal in migration of wealth between the two bordering states. Kansas enjoys a nearly $85 million advantage in income gains from Missouri. This is a major reversal. Consider the data between 1995 and 2009, which shows more than $263 million leaving Kansas for Missouri. A longitudinal examination of this trend will bear out whether the flow of money correlates with the ins ution of Brownback’s tax policy, but the current evidence is certainly compelling. While other state economies struggle under the weight of current economic uncertainties, the incremental successes in Kansas make a solid case for pro-growth reform through income tax cuts.
To sum up:
An op-ed that cites the National Review that provides the following major datapoint as meaningful:
Businesses have been forming because the economy is improving in general.
Since you can't link the policy to the data, the only logical choice is to reject it.
Granted the rest of the economy probably saw greater losses than that of Kansas. Lower baselines equal greater growth. Bit of a wash.
http://www.cbpp.org/research/federal...s-of-trump-taxPersonal income tax revenues in the fiscal year ending June 30, 2016 (fiscal year 2016) were almost $700 million lower than those received in fiscal year 2013,[12] when the tax cut first took effect, even though the economy nationally is stronger in 2016 than it was in 2013. Receipts dropped immediately by slightly more than $700 million (24 percent), and the meager economic growth that occurred in Kansas from 2014 to 2016 boosted collections by only $30 million, or less than 2 percent.[13]
Total General Fund revenues in 2016 were $570 million below 2013 levels, despite significant sales and cigarette tax increases enacted to partially offset the income tax losses.[14] The General Fund’s ending balance fell from $709 million in 2013 to $40 million in 2016 (just 0.7 percent of General Fund spending).[15] That’s important because Kansas’ General Fund balance is its “rainy day fund.”[16] Should a recession hit and tax revenues shrink as household incomes and retail sales fall, the state will need to cut programs or enact tax increases almost immediately because it will have very little savings to tap.
The General Fund’s depletion occurred even though the state transferred to the Fund substantial tax revenues that were collected to finance road maintenance and construction.[17] The resulting reduction in infrastructure funding has forced the state to postpone numerous highway projects indefinitely.[18]
Because the tax cuts leave less state revenue with which to repay people who lend the state money by buying its bonds, Kansas’ bond rating has been downgraded twice — in 2014, and most recently on July 26, 2016.[19] Lower bond ratings mean that the state will likely have to pay a higher interest rate on future borrowings, raising the cost of infrastructure projects such as school construction and road building.
Again, you aren't making your case.
If conservative principles include trickle down tax cuts, then they are simply wishful thinking, as you have yet to back up anything with solid, conclusive evidence. If it were clear cut, the evidence would be a of a lot better, and easier to find.
What I see is cherry picking and intellectual dishonesty. Not convincing at all.
We can do better for public policy.
Rex Sinquefield (born 1944)[1] is an American financial executive, active in Missouri politics. He supports an end to the income tax.
Sounds legit.
For Those Who Had Any Doubts, Kansas Has Officially Gone Insane.
A committee in the GOP-controlled Senate plans to vote Tuesday on a bill that would make "attempting to usurp the power" of the Legislature or the executive branch grounds for impeachment.
Impeachment has "been a little-used tool" to challenge judges who strike down new legislation, said Republican Sen. Dennis Pyle, a sponsor of the measure. "Maybe it needs to be oiled up a little bit or sharpened a little bit."
Senate Bill 439 is currently set for debate before the state’s GOP-stacked Judiciary Committee.
If it is approved and signed by Governor Brownback, it will permit
impeachment of any Judge who acts contrary to the wishes of the legislature.
In other words, any Judge who strikes down or modifies any law the legislature passes, for any reason-- whether the law is blatantly Uncons utional, violative of existing laws, or otherwise, is thereby subject to impeachment proceedings by the state Legislature.
A previous law threatening to cut off all Judicial funding was declared uncons utional by the state’s High Court.
The state has been trapped in an economic death grip since Governor Sam Brownback and a feckless cadre of rabidly “conservative” Republican lawmakers controlling a supermajority in both of the state’s legislative chambers ins uted unprecedented, radical tax cuts to benefit the richest people in the state, while just as radically guttingpublic services to the state’s citizens, most notably in education:
http://www.dailykos.com/story/2016/3...ly-Gone-Insane
I have no problem feeling vastly superior to ing CRETINS.
Kansas Governor's conservative tax plan blown up with his own words
"Sam Brownback, the Republican Governor, from Kansas, has some advice for the president-elect," Chris Hayes said. "Telling the Wall Street Journal that Trump should mimic his Kansas tax plan.
Brownback's
signature idea, eliminating the 4,6% state individual income tax for partnerships, limited liability corporations, and similar businesses.
When Brownback passed his steep income tax cut in 2012, he called it a real life experiment."
Hayes then played a June 19th, 2012 clip of Brownback saying that on taxes the overall rate needed to come down, removing social manipulations -- read social safety net-- to create growth.
"We'll see how it works," Brownback said. "We will have a real life experiment.
We are right next to some other states that haven't lowered taxes.
You'll get a chance to see how this impacts a particular experimental area.
And I think Kansas is going to do well."
"As economists have reported for years, that economic vision appears to be failing spectacularly in Kansas.
The massive tax cut blew a massive hole in the state budget, and now $350 million deficit is expected to grow;
the state credit rating has been downgraded twice and falling cuts to higher education and Medicaid.
Brownback used around $2 Billion designated for highway funding to cover the budget hole. Meanwhile,
the tax cuts have done little to jumpstart Kansas' economy overall with growth for this year projected to be flat,
compared with 2% GDP growth nationally.
Today, we got one more economic indicator out of the region. Brownback claimed in 2012 you can
measure his Kansas experiment against neighboring states which did not enact the same type of drastic income tax cuts like Nebraska."
Hayes displayed the charts showing Nebraska outperforming Kansas by quite a bit.
the poorest 20% of households are now paying an average of about $200 more in state taxes according to an analysis by the Ins ute on Taxation and Economic Policy.
Meanwhile, the wealthiest 1% of households are saving an average of $25,000."
The Laffer curve is a laugh. Look closely. It is an indirect transfer of wealth from the masses to the few.
http://www.dailykos.com/story/2016/12/29/1615338/-Kansas-Governor-s-conservative-tax-plan-blown-up-with-his-own-words?detail=email&link_id=8&can_id=4217e8eb109c68 bd0c2e4143dd2d8c15&source=email-to-mic e-obama-for-the-first-time-in-my-adult-life-i-am-ashamed-of-my-country&email_referrer=to-mic e-obama-for-the-first-time-in-my-adult-life-i-am-ashamed-of-my-country___147931&email_subject=kansas-governors-conservative-tax-plan-blown-up-with-his-own-words
So even neighboring red/slave states are doing better than BB's Kock Bros hole of KS.
How about vs blue states?
Last edited by boutons_deux; 12-30-2016 at 01:58 PM.
Kansas lawmakers vote to roll back governor’s deep tax cut
The state faces projected budget shortfalls totaling nearly $1.1 billion through June 2019
By JOHN HANNA | The Associated Press
TOPEKA, Kan. — Kansas’ Republican-led Legislature voted Friday to roll back a deep tax cut championed by Republican Gov. Sam Brownback, conceding it helped put the state in dire financial straits and setting up a possible showdown with him.
Brownback has vowed not to sign the bill, which would impose income tax increases that would raise more than $1 billion over two years. The state Senate voted 22-18 for it Friday, a day after the state House approved it on a 76-48 vote.
Republican leaders were split on the measure, and neither the House speaker nor the Senate president voted on it.
“The right thing is to get out of this mess,” said Republican state Sen. John Doll, of Garden City, who backed the tax plan.
Neither chamber gave the bill the two-thirds majority it would need to override a veto. Brownback has strongly criticized the measure as harmful to working-class families and small businesses, but he has stopped short of saying he would veto it. He could let it become law without his signature.
The state faces projected budget shortfalls totaling nearly $1.1 billion through June 2019. Even with a big tax increase, lawmakers still would have to approve some stop-gap measures such as internal government borrowing to pay bills through June, until new revenue started flowing in.
Brownback and his allies continue to argue that the personal income tax cuts he championed in 2012 and 2013 are creating economic growth and the state’s problems were largely caused by slumps in agriculture and oil production. Voters rendered a different verdict last year, ousting two-dozen Brownback allies from the Legislature and giving Democrats and GOP moderates more power.
Legislators would be forced to start over on a new tax plan if Brownback vetoed the bill and they couldn’t override him, creating the possibility of a drawn out dispute.
Kansas is facing its third major tax increase to fill budget gaps in the five years since the first Brownback-inspired income taxes were enacted. In 2015, Republican lawmakers boosted sales and cigarette taxes in a package that critics labeled the largest tax increase in state history. The bill approved Friday calls for an even bigger tax hike to cover larger budget shortfalls.tlongII
Last edited by Splits; 02-20-2017 at 03:59 PM.
Fake News.
what makes it fake, tlongII?
MSNBC and dailykos.
How about Fox?
http://fox4kc.com/2017/02/17/kansas-...sam-brownback/
Do you know what the associated press is?
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