Power of Story
Send a Tweet        
- Advertisement -
OpEdNews Op Eds

Here's What's the Matter With Kansas

By       Message Thom Hartmann     Permalink
      (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Must Read 1   News 1   Valuable 1  
View Ratings | Rate It

opednews.com Headlined to H3 6/26/16

Author 1486
Become a Fan
  (126 fans)
- Advertisement -

Reprinted from Smirking Chimp

Sam Brownback
Sam Brownback
(Image by Gage Skidmore)
  Permission   Details   DMCA

The verdict is in, and it's time for conservatives to face the cold hard facts.

- Advertisement -

Right-wing trickle-down Reaganomics doesn't work.

It doesn't work internationally, it doesn't work nationally and it doesn't work at the state level.

And we know this is true thanks in part to Kansas Gov. Sam Brownback's 2010 decision to turn his state into a "real live experiment" in Reaganism and the religion of trickle-down economics.

- Advertisement -

Quickly after taking office, Brownback and the Tea Party-controlled legislature passed massive tax breaks for the state's 1%; repealed all income taxes for more than 100,000 businesses; tightened welfare requirements, making life harder for the working poor and poor children; privatized the delivery of Medicaid so his corporate buddies could have a bigger slice of the state action; cut $200 million from the education budget; eliminated four state agencies; and laid off 2,000 government employees.

In 2013, after he signed the largest tax cut in Kansas history with the help of legislators backed by the American Legislative Exchange Council (ALEC), he told The Wall Street Journal, "My focus is to create a red-state model that allows the Republican ticket to say, 'See, we have a different way, and it works.'"

And in 2016, six years after Governor Brownback took office and started shaping Kansas into the "red-state model," you'd be hard pressed to find anyone in their right mind, Republican or Democrat, who would say that the economy in Kansas "works."

Back when Governor Brownback initiated the plan, conservative economists like Arthur Laffer predicted a massive boom in the state, and the CATO-inspired Kansas Policy Institute projected that his tax cuts would create $323 million in new local revenues by the year 2018.

In reality, during the first year of Brownback's budget, the state lost $688 million and job growth shrank to 1.1 percent below the national average.

And it didn't get better.

- Advertisement -

In following years, job growth dropped to one-tenth of 1 percent, and personal income growth slowed from 6.1 percent to 3.6 percent.

According to the Institute of Taxation and Economic Policy, the poorest one-fifth of households in Kansas, households that make less than $23,000 a year, saw their average taxes go up about $200 a year, while the richest 1% are saving an average of $25,000 a year.

That means that under Sam Brownback's "red state model," the richest 1% in Kansas are SAVING $2,000 more in TAXES than the bottom fifth of households EARN in a year in INCOME.

As a direct result of this policy, now one health insurance CEO is taking his company across the border to Missouri, just to get away from the cruelty of Brownback's so-called "red state model."

Jeff Blackwood, the president and CEO of Pathfinder Health Innovations, recently published a blog post called "Kansas Isn't Home Anymore," announcing that Pathfinder's headquarters will be moving from Kansas to Missouri.

Next Page  1  |  2

 

- Advertisement -

Must Read 1   News 1   Valuable 1  
View Ratings | Rate It

http://www.thomhartmann.com
Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): ; ; ; ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

S&P Blames Republicans, Mainstream Media Fails to Report It

Globalization Is Killing The Globe: Return to Local Economies

The Great Tax Con Job

The Truth about the Trust Fund-- Destroying Social Security to Destroy the Two Party System

The Deciding Moment: The Theft of Human Right

Healthcare: First They Came for the Banksters