In case you weren’t aware, the state of Kansas and Governor Sam Brownback have been sort of the “model” for utopian, tea party Republican economic policies. In 2012, Brownback passed huge tax cuts that he guaranteed would lead to tremendous job growth in the state.
The problem is, they’ve had the opposite effect. In fact, just last year, the state reported a 45 percent drop in revenue from the year prior to Brownback’s tax cuts going into effect.
Then just this past August, reports came out showing that the state was losing jobs while most of the country was seeing gains in employment. Not only that, but the same report showed that, because of the tax cuts, the state’s treasury had been drained of hundreds of millions of dollars since the tax cuts went into effect.
Well, new numbers have come out that completely destroy the ridiculous Republican scam about tax cuts creating jobs.
As most people know, Kansas City is actually split between the states of Kansas and Missouri. This makes the city itself a great barometer to judge whether or not Brownback’s tax cuts really led to any sort of impressive job creation.
Spoiler Alert: They didn’t.
In fact, according to findings from The Kansas City Star, Missouri gained employment at a rate almost five times faster than Kansas between February 2015 to February 2016. The Missouri side of Kansas City added 13,900 jobs over that period (up 2.4 percent), while the Kansas side only gained 2,200 jobs (up 0.5 percent). Not only that, but professional and business services experienced the largest increase in employment, up 4,500, with all those jobs happening on the Missouri side.
Meaning that, it’s not just the Missouri side that’s creating more jobs – they’re creating better jobs as well.
While this is just one state, numerous examples out of Kansas have proven that tax cuts do absolutely nothing but drain state budgets and have almost nothing to do with creating jobs.
Meanwhile, in a state like California where taxes were raised fairly substantially a few years ago, they have a large budget surplus and a strong economy. In fact, since 2011, California has accounted for one-sixth of the total jobs created in the entire country. Which is actually 600,000 more than “low tax, deregulate it” Texas – a state that frequently brags about its job numbers.
It’s ludicrous for anyone to believe that tax cuts create jobs. For nearly 40 years this nation has operated under the guise of “trickle-down economics” and it’s done nothing but increased income inequality, made the rich richer and added trillions to our national debt.
And the thing is, we have indisputable proof that tax cuts don’t help the economy. Who here remembers George W. Bush promising his tax cuts would pay off the national debt in about a decade?
Yeah, about that. Not only did his tax cuts not pay off our national debt (it actually nearly doubled during his eight years in office), we ended up experiencing one of the worst economic crashes in nearly a century.
On the other hand, President Obama raised taxes on the richest among us (though only very slightly), and we’ve seen the longest streak of private sector job growth in U.S. history.
While I’m sure these facts won’t change the minds of many (or any) Republicans about the myth of trickle-down economics, you really do have to be willfully ignorant to keep buying into the con of “tax cuts create jobs.”
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