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Reality = Gravity
Apr. 19th, 2016 09:39 amI've said before that reality is like gravity. Neither force care whether you believe in them or not, and you can only ignore them so long before they bite you square in the ass.
Today's lesson is from Kansas. There, the GOP governor and legislature cut taxes, because that would increase jobs, economic output and revenue for the state. Well, what happened is But Scott Drenkard, an economist for the conservative Tax Foundation, told legislators last month that farmers and business owners appeared to pocket the extra money from the state's recent tax cuts rather than use it for expansion — "tax avoidance, not job creation."
Surprise, surprise, I say in my best Gomer Pyle voice. Tax burden isn't even in the top 10 factors determining how many people the average business will hire. Now, as per the article, the GOP legislature is pushing the Governor to rescind his tax cuts.
Today's lesson is from Kansas. There, the GOP governor and legislature cut taxes, because that would increase jobs, economic output and revenue for the state. Well, what happened is But Scott Drenkard, an economist for the conservative Tax Foundation, told legislators last month that farmers and business owners appeared to pocket the extra money from the state's recent tax cuts rather than use it for expansion — "tax avoidance, not job creation."
Surprise, surprise, I say in my best Gomer Pyle voice. Tax burden isn't even in the top 10 factors determining how many people the average business will hire. Now, as per the article, the GOP legislature is pushing the Governor to rescind his tax cuts.
