Trickle-down economics is a nightmare. Kansas proved it. - By Eugene Robinson
By Eugene Robinson Opinion writer June 12 at 7:31 PM
The Republican gospel of cutting taxes and government services to the bone doesnt lead to economic growth; it leads to crisis and decline. Just ask the people of Kansas, who finally have seen the light.
If House Speaker Paul D. Ryan (Wis.) and Senate Majority Leader Mitch McConnell (Ky.) dont heed the Kansas lesson, they deserve to have their majorities stripped away in next years midterms. And they wont be able to claim they werent warned.
The states are supposed to be laboratories for testing government policy. For five years, Kansass Republican governor, Sam Brownback, conducted the nations most radical exercise in trickle-down economics a real-live experiment, he called it. He and the GOP-controlled legislature slashed the states already-low tax rates, eliminated state income tax for most owner-operated businesses and sharply reduced vital government services. These measures were supposed to deliver a shot of adrenaline into the heart of the Kansas economy, Brownback said.
It ended up being a shot of poison. Growth rates lagged behind those in neighboring states and the nation as a whole. Deficits mounted to unsustainable levels. Services withered. Brownback had set in motion a vicious cycle, not a virtuous one.
Last week, finally, the legislature still controlled by Republicans overrode Brownbacks veto of legislation restoring taxation to sane levels. The nightmare experiment is coming to an end.
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https://www.washingtonpost.com/opinions/trickle-down-economics-is-a-nightmare-kansas-proved-it/2017/06/12/c2d7aae0-4fa6-11e7-91eb-9611861a988f_story.html