Monday, July 4, 2016

Slate Highlights How Trickle-Down Economics Wreaked Havoc In Kansas

http://mediamatters.org/blog/2016/07/01/slate-highlights-how-trickle-down-economics-wreaked-havoc-kansas/211329
"In 2012, Republican Kansas lawmakers led by Gov. Sam Brownback enacted a series of tax cuts -- described by the Star editorial board as “disastrous” and the Times editorial board as “ruinous” -- that deeply cut revenue streams without generating the strong economic growth conservatives promised would follow. Instead, the state has fallen into financial crisis leading to a painful credit downgrade, a massive budget shortfall, and a “negative” credit outlook for the future. Brownback’s tax cut policies were nonetheless endorsed by right-wing media personalities and created a model for other conservative politicians to follow."