Why is Kansas in such horrible fiscal shape? It’s still the tax cuts, stupid. ▪ In
the 2012 fiscal year, before any of Brownback’s income tax cuts kicked
in, the Sunflower state raked in $2.908 billion in individual income
taxes.▪ In the 2013 fiscal year, the figure rose to $2.931 billion.▪ But after the reductions were in place, that source of funds plummeted to $2.218 billion in the 2014 fiscal year, was $2.278 billion in the 2015 fiscal year and — again — reached just $2.249 billion in the 2016 fiscal year.Yes, that’s even less than last year.Do the math and a shocking truth emerges.Kansas today is collected a staggering $650 million or so less in individual income tax revenues every year than it was before the tax cuts.If
the state had not foregone that revenue, the $34 million shortfall in
June would have been just a small blip on the radar, nothing to be
worried about.But here the Sunflower State is, with its budget in
shambles, just four years after Brownback pushed through tax reductions
that he said would re-energize the economy, create new jobs and —
perhaps most notably — replace some of the revenue lost through his
actions.None of that has happened.Kansas has actually lost 700 jobs over the last year, for the sixth worst rate of growth in America, according to federal and state figures.
So, less revenue every year for almost 5 years, less jobs every year for almost 5 years and a budget shortfall every year for almost 5 years.
On the whole, I’d rather be in California…