The deterioration in Kansas state finances not only continues unabated — it is seemingly accelerating.
Category Archives: taxes
Kansas: Continued Budget Hemorrhaging
With lagging economic growth, and the massive tax cuts, revenues are falling below projection. From The Topeka Capital Journal today:
Tax collections by Kansas state government in September fell a sobering $21 million below projections to mark the fourth time in the past six months revenue failed to match targets, officials said Tuesday.
Whistling Past the Intellectual Graveyard
The Extreme Supply-Sider one in Topeka, that is. Josh Barro notes how tax cuts failed to result in entrepreneurial renaissance that would result in revenue increases; Wonkblog further observes (I did before) that employment growth has collapsed utterly and completely. Paul Krugman has dissected the social dynamics underpinning the adherence to patently unsupported ideas, but it is always useful to reiterate the facts of the case.
Dragged to the Fiscal Slope
Implications of “I am not a member of an organized political party. I am a Republican.” (with apologies to Will Rogers)
What Would Happen
If the Bush tax cuts all lapsed?
The Republican Joint Economic Committee Does Public Finance
Or, “Just because you can’t prove that the top marginal tax rate has a large impact on economic growth doesn’t mean that it doesn’t: just have faith!”
The Choice: Math vs. Anti-Math in Fiscal Policy
Over a hundred and fifty years ago, the “Know Nothing Movement” rose to prominence in American politics. The “Know Nothings” were thusly known not because they were ignorant, but because they denied being adherents of a xenophobic, nativist party. But I think this time around, it is appropriate to characterize one group as being a true “Know Nothing” party in the sense that they reject the gifts of the Enlightenment.
Bringing the Bubble to the Senate
Or, “Who will rid me of this troublesome study?”
Enter the Asterisk
The magic asterisk, that is (With apologies to Bruce Lee [0] and David Stockman). How the circle can be squared, in the Romney tax plan: assume a massive supply side response! [1]
Romney Campaign on the Tax Policy Center study: “Objective, Third-Party Analysis”
Or, he was for the Tax Policy Center before he was against the Tax Policy Center, and how to assess think tank research.