As goes Kansas, so goes Louisiana.
Republican magical thinking on taxes has smacked up against the cold hard windshield of reality in Kansas, and now the unthinkable has happened: taxes will have to be raised to fill the state’s gaping budget hole caused by Republican tax cuts. Hate to say we told ya so but ….
Mr. Donovan said the results of the tax law were “never as good as we hoped.”
“We hoped they would just be a magic lantern and everybody would react to it,” he said. “But, eh, it’s hard to get a company to uproot their business when they’re established and move to another place just because of this difference in tax policy.”
Oh noes. You mean taxes aren’t the one and only driver of business decisions? Say it ain’t so! I love it when Republicans face the growing realization that their cherished ideas are built on bullshit. Still denial ain’t just a river in Egypt, folks:
Still, supporters of the tax bills are not necessarily willing to concede that the cuts were the reason for the state’s fiscal problems.
Senator Terry Bruce, the Republican majority leader, said that when the cuts were passed, the Department of Revenue gave estimates of how much the changes would cost that ended up being inaccurate.
While initial estimates, for instance, were that the small business tax exemption would affect about 191,000 entities and cost about $160 million, for the 2013 tax year, 333,000 filers took advantage of the exemption at a cost of $206.8 million, according to the Revenue Department.
“I don’t know if it was a mistake and the intention was wrong or the effect is wrong,” Mr. Bruce said of the tax law. “It was very aggressive, very quick.”
So more people took advantage of your tax cuts than you expected, and the resulting “magic lantern” of jobs jobs jobs and growth growth growth and revenue revenue revenue never happened and yet your policy still isn’t wrong? How on earth do you figure that? Tax cuts either create jobs and prosperity or they don’t.
Kansas was supposed to be a petri dish of Reaganomics. Gov. Brownback was committed to proving that cutting taxes would increase revenue because magic! Instead, Kansas is a fiscal mess. Yet the power of wishful thinking remains strong. Oh, Kansas. You can’t just click your heels three times and wish your way out of this.
Yes, I really want to believe that I can lose 15 pounds on a diet of beer, guacamole & chips and chocolate ice cream, but I don’t, because I’m a grown-up. Republicans are children who want to have their cake and their ice cream. Grow the fuck up, people.