Posted on Oct 20, 2016
What happened after California raised taxes and Kansas cut them
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After California raised taxes, business in the state INCREASED, and now their economy is the strongest out of all the 50 states. There is a right wing talking point about how deep in debt California is. That's utter bs. California now, under their Democrat governor Jerry Brown, has a budget SURPLUS. Their economy is growing at 4.1 percent, up from 3.1 percent in 2014.
Meanwhile, Kansas, under the control of far-right Republican Sam Brownback, cut taxes massively. The result? Growth fell from 1.2 percent to 0.2 percent, and there is a massive budget DEFICIT. Some school districts in the state no longer have enough money to even function.
Bottom line? Right wing economics don't work.
Meanwhile, Kansas, under the control of far-right Republican Sam Brownback, cut taxes massively. The result? Growth fell from 1.2 percent to 0.2 percent, and there is a massive budget DEFICIT. Some school districts in the state no longer have enough money to even function.
Bottom line? Right wing economics don't work.
What happened after California raised taxes and Kansas cut them
Posted from msnbc.com
Election 2016
Hillary Clinton
Donald Trump
Economics
Taxes
Posted 8 y ago
Responses: 10
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OMG! Really? I live in California and I'd love to know where that budget surplus is. And the 4.1% growth in the economy. Better yet, I'd love some of whatever the editors at MSNBC are smoking.
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Ranking the States by Fiscal Condition 2016 Edition
A new study for the Mercatus Center at George Mason University ranks each US state’s financial health based on short- and long-term debt and other key fiscal obligations, such as unfunded pensions and healthcare benefits.
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PFC Harry Leuchen
Yeah, two college students going to college in the South aren't exactly a reliable source, especially not in comparison to the hundreds of economists which have studied the downfall of Kansas' economy and the rise of California's
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MCPO Roger Collins
Funny guy, you would take a study from a site MSNBC, one almost as corrupt as Hillary is and use their information over Mercantus which has been in the business for quite some time and is referenced a lot by economists. Then there is this:
https://www.manhattan-institute.org/html/great-california-exodus-closer-look-5853.html
https://www.manhattan-institute.org/html/great-california-exodus-closer-look-5853.html
The Great California Exodus: A Closer Look | Manhattan Institute
For decades after World War II, California was a destination for Americans in search of a better life. In many people’s minds, it was the state with more jobs, more space, more sunlight, and more opportunity. They voted with their feet, and California grew spectacularly (its population...
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MSgt (Join to see)
I'm much more likely to believe a university research project than a "story" from msnbc.
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There's a reason why California is called the land of fruits and nuts. Nuff said
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PFC Harry Leuchen
1SG Dennis Hicks - No, but it will be after this election. As it should be. Legalization of pot has been a major success in every state where it has passed.
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1SG Dennis Hicks
PFC Harry Leuchen - It would seem that some folks are celebrating early on that idea.
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