It’s not exactly a secret that the entire Republican economic philosophy is built on tax cuts and deregulation. Practically every time House Speaker John Boehner talks about a “jobs plan” that Republicans are pushing, it’s just a bill that calls for tax cuts for the rich and deregulations that favor big business.
Basically whenever you hear Republicans talk about how they’re “pushing for a jobs bill,” that’s just code for “we want to pass tax breaks for the rich.”
The thing is, as most of us know, tax cuts have almost nothing to do with helping the economy. Since the dawn of trickle-down economics during the Reagan administration, the only thing these tax cuts have done is made the rich more wealthy than they’ve ever been while leaving 98 percent of Americans further and further behind.
Heck, when George W. Bush was elected, he almost instantly pushed through what are commonly known as the “Bush tax cuts” that were supposed to bring about economic prosperity and balance the budget. Instead, we saw our national debt nearly double and experienced the worst economic crash since the Great Depression.
Well, over the last few years perhaps no other state in the U.S. has personified “true conservative economic values” quite like Kansas. Governor Sam Brownback pushed through some drastic tax cuts that did nothing to boost the state’s economy, but it has left Kansas with a massive budget deficit of around $400 million.
Just three years ago, many of these lawmakers passed the largest tax cuts in state history, saying they would lead to economic growth. But that growth did not appear, and after repeatedly trimming spending to close shortfalls, legislators again find themselves in a prolonged budget battle with no easy answers, where both houses of the Republican-controlled Legislature are proposing tax increases.
The reason: even anti-tax Republicans are acknowledging that there is not much more to cut without significantly hurting popular programs, including education.
Yes, you read that correctly, Republicans in Kansas are basically admitting that tax cuts have nothing to do with helping the economy.
Not only that, but this answers the question I’ve asked Republicans for years: If tax cuts are the main trigger your party uses to boost an economy and create jobs, how do you plan to create jobs once taxes and spending have been cut so deeply that you can’t cut them anymore? Then how do you “boost the economy”?
Even on the rare occasion when I do get an answer to that question, it usually makes absolutely no sense. The truth is, on some level tax cuts might help a certain section of small to medium-sized businesses, but sweeping, across the board cuts for the wealthy have absolutely nothing to do with boosting our economy or creating jobs.
But there’s one thing that’s for certain – the state of Kansas tried to succeed as a tax-hating tea party paradise, and at the end of the day, the results have been an absolute disaster.