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There was nytimes article some time back comparing how CA and KS did after former increased state taxes and the latter decreased. I am sure there are other fact
by vkat 9y ago
There was nytimes article some time back comparing how CA and KS did after former increased state taxes and the latter decreased. I am sure there are other factors but the gist of it was cutting taxes does not necessarily result in economic expansion. GDP of Kansas decreased over the period whereas CA's increased.
- AdamM12 9y agoI've seen this but I don't think it is fair. Look at the amount of VC $$ going into CA vs. KS. Easy to create economic expansion when money is invested in your state.
- dragonwriter 9y agoSince part of the premise of the KS tax cuts and others like them is that they will attract business investment, the fact that the imbalance you point to continues to exist is not an excuse for the failure of KS tax cuts to produce positive economic results, since that's exactly what they were sold as changing.
- AdamM12 9y agoValid point. They should of went with tax free until disbursement like Estonia. Would of kept the money in the business and given them more of an incentive to reinvest.