Alarming new report: Sam Brownback’s policies blew $258 million hole in income tax revenue
Just in time for Election Day, Kansans have learned alarming new information about how Gov. Sam Brownback’s tax cuts are stripping funds from the state budget.
The takeaway point: Individual income tax revenues for the first four months of the current fiscal year were a staggering $258 million less than they were in a similar period in Brownback’s second year in office in 2012. That’s according to new figures from the Department of Revenue.
That’s a steep fall of almost 28 percent.
Basically, the bottom has fallen out of individual income tax revenues since the cuts took effect in January of 2013. That is extremely bad news for anyone who wants the state to have the revenue needed to provide high quality services, especially in public education.
If Brownback is re-elected Tuesday, he has brazenly promised to keep the tax cuts coming. That would further jeopardize state services in the future, when budgets will have to be slashed become of inadequate revenue.
Read more here: http://www.kansascity.com/opinion/opn-columns-blogs/yael-t-abouhalkah/article3542301.html#storylink=cpy
This came out yesterday, too late for anything. There will be no money for education. There will be no money for the poor. There will be no money for medical care. There will be no money for arts. There will be no money for Ebola preparedness or preparedness for anything else. There will be no money for roads. There will be nothing but war and oil and death. This is his (Kochs) great experiment. And it is coming to a state near you, if it hasn't already. We were doomed last night. I slept on it. We are still doomed.
= new reply since forum marked as read
