Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
For you Polling Junkies, here are the 15 most used election polling concerns on the internet.
Midknight Review only cares about polling results in the 48 hours before the election, and much
of that for purposes of comparisons and future reference.
Take a look at how supply side 'trickle down' economics has worked in Kansas. Same old story - another miserable GOP failure. Brownback's drastic tax cuts for the wealthy that he pushed through the state legislature - tax rate for top earners dropped from 6.45 to 4.9 percent, with further future cuts. The cuts were even more generous for business owners, entirely wiping away their tax burden for pass-through income.
What happened?
Deep income tax cuts caused large revenue losses. Kansas’ tax cuts this year are costing the state about 8 percent of the revenue it uses to fund schools, health care, and other public services, a hit comparable to a mid-sized recession. State data show that the revenue loss will rise to 16 percent in five years if the tax cuts are not reversed. The large revenue losses extended and deepened the recession’s damage to schools and other state services. Most states are restoring funding for schools after years of significant cuts, but in Kansas the cuts continue. Brownback recently proposed another reduction in per-pupil general school aid for next year, which would leave funding 17 percent below pre-recession levels. Funding for other services — colleges and universities, libraries, and local health departments, among others — also is way down, and declining. The tax cuts delivered lopsided benefits to the wealthy. Most of the benefits went to high-income households. Kansas even raised taxes for low-income families to offset a portion of the revenue loss; otherwise the cuts to schools and other services would have been greater still. Kansas’ tax cuts haven’t boosted its economy. Since the tax cuts took effect at the beginning of 2013, Kansas has added jobs at a pace modestly slower than the country as a whole. The earnings and incomes of Kansans have performed worse than the U.S. as a whole as well. (An exception is farmers, whose incomes improved as the state recovered from a drought.) And so far there’s no evidence that Kansas is enjoying exceptional business growth: the number of registered business grew more slowly last year than in 2012, and the state’s share of all U.S. business establishments fell over the first three quarters of last year. There’s little evidence to suggest that Kansas’ tax cuts will improve its economy in the future. The latest official state revenue forecast, projects Kansas personal income will grow more slowly than total national personal income in 2014 and 2015.
Persistent response patterns that don't work. Leave no CEO behind. Screw the middle class and the schools. - That is the reality of trickle down - real world.
For every state example of troubled times, I can point to three GOP states where the economy is booming, because of across the board tax cuts. But Democrats, Anonymous included, believe that increasing taxes, taking money out of the pockets of hard working American and job creating CEO's is the key to financial national success. So how is that going for you all? Longest nothing burger recovery in our history. More people out of work than at anything during the past 36 years. Highest number of folks in poverty in a decade. More people on food stamps than at any time in American history. Lowest hourly wage levels in 20 years. I have to believe that "trickle" is better than "drip, drip." Apparently, you don't agree.
Take a look at how supply side 'trickle down' economics has worked in Kansas. Same old story - another miserable GOP failure.
ReplyDeleteBrownback's drastic tax cuts for the wealthy that he pushed through the state legislature - tax rate for top earners dropped from 6.45 to 4.9 percent, with further future cuts. The cuts were even more generous for business owners, entirely wiping away their tax burden for pass-through income.
What happened?
Deep income tax cuts caused large revenue losses. Kansas’ tax cuts this year are costing the state about 8 percent of the revenue it uses to fund schools, health care, and other public services, a hit comparable to a mid-sized recession. State data show that the revenue loss will rise to 16 percent in five years if the tax cuts are not reversed.
The large revenue losses extended and deepened the recession’s damage to schools and other state services. Most states are restoring funding for schools after years of significant cuts, but in Kansas the cuts continue. Brownback recently proposed another reduction in per-pupil general school aid for next year, which would leave funding 17 percent below pre-recession levels. Funding for other services — colleges and universities, libraries, and local health departments, among others — also is way down, and declining.
The tax cuts delivered lopsided benefits to the wealthy. Most of the benefits went to high-income households. Kansas even raised taxes for low-income families to offset a portion of the revenue loss; otherwise the cuts to schools and other services would have been greater still.
Kansas’ tax cuts haven’t boosted its economy. Since the tax cuts took effect at the beginning of 2013, Kansas has added jobs at a pace modestly slower than the country as a whole. The earnings and incomes of Kansans have performed worse than the U.S. as a whole as well. (An exception is farmers, whose incomes improved as the state recovered from a drought.) And so far there’s no evidence that Kansas is enjoying exceptional business growth: the number of registered business grew more slowly last year than in 2012, and the state’s share of all U.S. business establishments fell over the first three quarters of last year.
There’s little evidence to suggest that Kansas’ tax cuts will improve its economy in the future. The latest official state revenue forecast, projects Kansas personal income will grow more slowly than total national personal income in 2014 and 2015.
Persistent response patterns that don't work. Leave no CEO behind. Screw the middle class and the schools. - That is the reality of trickle down - real world.
For every state example of troubled times, I can point to three GOP states where the economy is booming, because of across the board tax cuts. But Democrats, Anonymous included, believe that increasing taxes, taking money out of the pockets of hard working American and job creating CEO's is the key to financial national success. So how is that going for you all? Longest nothing burger recovery in our history. More people out of work than at anything during the past 36 years. Highest number of folks in poverty in a decade. More people on food stamps than at any time in American history. Lowest hourly wage levels in 20 years. I have to believe that "trickle" is better than "drip, drip." Apparently, you don't agree.
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