Kansas Provides Compelling Evidence of Failure of 'Supply-Side' Tax Cuts
January 22, 2018
January 22, 2018
WASHINGTON, Jan. 22 -- The Center on Budget & Policy Priorities issued the following news release:
The deep income cuts that Kansas enacted in 2012 and 2013 for many business owners and other high-income Kansans failed to achieve their goal of boosting business formation and job creation, and lawmakers substantially repealed the tax cuts earlier this year. Former supporters have offered explanations for this failure to prevent the Kansas experience from discrediting "supply . . .
The deep income cuts that Kansas enacted in 2012 and 2013 for many business owners and other high-income Kansans failed to achieve their goal of boosting business formation and job creation, and lawmakers substantially repealed the tax cuts earlier this year. Former supporters have offered explanations for this failure to prevent the Kansas experience from discrediting "supply . . .