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Corporations benefit and profit from municipal services, same as people do. Should they be able to use those services for free? Kansas massively cut their cor
by bduerst 8y ago
Corporations benefit and profit from municipal services, same as people do. Should they be able to use those services for free?
Kansas massively cut their corporate taxes in 2012, with the implicit promise that lowering taxes for "job creators" would pay for itself. The deficit for the state became so massive as their revenue dropped, that the state had to close education and other municipal services. [1] Kansas is now heralded as an example of how 'trickle down' economics of cutting taxes for 'makers' fails. [2]
[1] https://www.forbes.com/sites/beltway/2017/06/07/the-great-kansas-tax-cut-experiment-crashes-and-burns/#2294eecd5508 https://www.forbes.com/sites/beltway/2017/06/07/the-great-ka...
[2] https://www.washingtonpost.com/opinions/trickle-down-economics-is-a-nightmare-kansas-proved-it/2017/06/12/c2d7aae0-4fa6-11e7-91eb-9611861a988f_story.html?utm_term=.6f37e669ac9c https://www.washingtonpost.com/opinions/trickle-down-economi...