|Take Heed, South Dakotans|
Brownback's A Huckster
Brownback's claims that his plan has boosted the Kansas economy are just as dubious as his promise that cutting taxes would increase state revenues. Last October The Wichita Eagle did an item-by-item refutation of the governor's bragging points, which showed that the state's economy has been limping along, its economy growing at about half the national rate. To me the final proof in that pudding is the sharp drop in anticipated tax revenues, which should have gone the other way if the state's economy was indeed doing well. In any event, yesterday's legislative override couldn't be a starker assessment of how even devoted Republicans realize the futility of trickle-down economics. There is no evidence, none, that shows tax-cuts have a stimulative effect on the economy and subsequent tax revenues. In fact, using President George W. Bush's cuts as an example, exactly the opposite transpired. Some say Reagan's worked well, but private sector job growth and tax revenue growth during the Reagan years were so-so at best.
From our South Dakota perspective we should be wary of this nonsense on two levels. First,
|We're Not In Kansas Anymore|
We're In Brownbackistan