Sam Brownback and a GOP-run State House are cutting taxes and services and everything else in Kansas, as a "demonstration" of Laffer supply-side economics. And nobody rational is laughing.
Sam Brownback, Kansas Governor, Plans Budget Cuts, Calls For Agencies To Reduce By 10 Percent
Preview:
"[ Senate minority leader] Hensley was citing projections from the nonpartisan Legislative Research
Department, which projected that the tax cuts, adopted during the
spring legislative session amid accusations
by Democrats that conservative Republicans rushed the final vote, could
lead the state to a
$2.5 billion shortfall on a $6 billion budget by
2018."
" Hensley painted a picture of dramatic cuts in services across state
government under the potential 10-percent budget cut, and future cuts if
the $2.5 billion shortfall is realized. Brownback has said in the past
that he wants to preserve education, public safety and social services.
But the state's transportation department stands to lose 500 employees
under the 10-percent cuts just as a new transportation construction
program is due to start. The transportation plan is funded by both the
state's capital and general fund budgets."
OK, we shall see what comes to pass in Kansas.
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