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re: Want Proof Tax Cuts Don't Stimulate the Economy? Look at Kansas

Posted on 10/28/14 at 11:05 am to
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 10/28/14 at 11:05 am to
quote:

This would have been fine if the majority of the money had gone where it should have gone, infrastructure improvements, but in reality, much of it went to random earmarks and private companies like distilleries and artificial rubber tire manufacturers as kickbacks for political contributions. Although Libertarians would have opposed the stimulus on philosophical grounds, most republicans would have embraced it if the money had actually gone to what it was sold as going to, "shovel ready" infrastructure improvements, something that badly needs funding still.

That reminds me, you know what was awesome (and by awesome I mean an abject failure)? Cash for Clunkers
This post was edited on 10/28/14 at 11:05 am
Posted by rb
Georgia
Member since Sep 2012
5633 posts
Posted on 10/28/14 at 11:08 am to
quote:

I noticed that the article did not take into account the massive drop in crop prices, especially since Kansas's largest industry in agriculture. In 2012, corn prices were over $7/bu and now they are around $3.50 ($3.66 yo be exact) and soybeans were at almost $18/bu and now are $10.10 at the moment. We sold wheat for $8.35 in May of 2012 and not wheat is $5.56. The lower prices means that farmers spend less money to grow their crop which means less $$$ in the local economies (all of Kansas bascially). Long story short, the article in your link is bullshite because it does not look into why revenues are down, but you libtards don't care why yall just repeat talking points. 



This is the correct answer. Agriculturally based economies suffer when commodities are low. We are dealing with it as well. $.65 cotton, $3.60
corn,and $4.00 wheat won't pay the bills.
Posted by ocelot4ark
Dallas, TX
Member since Oct 2009
12458 posts
Posted on 10/28/14 at 11:12 am to
The only metric needed to prove that trickle down doesn't work is the degradation of the middle class.
Posted by Taxing Authority
Houston
Member since Feb 2010
57090 posts
Posted on 10/28/14 at 11:16 am to
quote:

The only metric needed to prove that trickle down doesn't work is the degradation of the middle class.
Posted by gatorrocks
Lake Mary, FL
Member since Oct 2007
13969 posts
Posted on 10/28/14 at 11:19 am to
Hmmm. Wonder why its been so bad under Obama?
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69250 posts
Posted on 10/28/14 at 11:28 am to
How are middle class people affected by tax rates of non-middle class people?
Posted by doubleb
Baton Rouge
Member since Aug 2006
35894 posts
Posted on 10/28/14 at 11:32 am to
I find it strange that states like New York advertise special tax breaks to attract new business, and that La. offers tax credits for movies and the film industry to attract more business; yet you say that lowering taxes hurts the economy.

Kansas is a small state with a relatively small economy trying to combat increases to their citizens from Obamacare and tax increases and regulation increases from the federal government.

No doubt their tax cuts were an attempt to help their citizens who would be paying more state taxes if the cuts weren't enacted. The fact they didn't seem to stimulate the economy is probably because Kansas and Kansas' citizens like the rest of us in America were overwhelmed the tsunami called the Democrat run Federal Govt.

Posted by gatorrocks
Lake Mary, FL
Member since Oct 2007
13969 posts
Posted on 10/28/14 at 11:35 am to
quote:

How are middle class people affected by tax rates of non-middle class people?

Duh! If we tax the rich more, we can use more of that for free gifts to the middle class.

Wait. The middle class doesn't get shite for free. Nevermind, carry on.

It's funny, my daughter goes to a private school. It's a little church based school that we pay about 4k a year for. Nothing terrible.

BUT the majority of people going there are on "scholarship". They have to make less than a certain amount a year to go on it. I think like 30k for a family of four.

Long story short, one of her friends from last year had to go to a different school this year because the mom started working full time to help with the bills.

Well now they make too much (in the 40k-50k range together) and he no longer can attend the school for "free".

I'm continually amazed about the coddling of the "poor" and the absolute fricking of the middle class.

Let's reward those who don't work and punish those who do.

Just like Obamacare fricks the middle class.

It's the new American way.
This post was edited on 10/28/14 at 11:37 am
Posted by Taxing Authority
Houston
Member since Feb 2010
57090 posts
Posted on 10/28/14 at 11:47 am to
quote:

I'm continually amazed about the coddling of the "poor" and the absolute fricking of the middle class.
Many consider poverty a virtue. And wealth a vice. I have no idea why. Wealth is morality neutral in my view.

One small contention... on the "middle class"... The "middle class" as a result of the Reagan and (especially) Bush tax cuts, are getting a GREAT deal.




Posted by GregMaddux
LSU Fan
Member since Jun 2011
18210 posts
Posted on 10/28/14 at 11:49 am to
Eating lunch. This thread makes me want to stab myself in my eye with my fork.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/28/14 at 11:49 am to
Well aren't you a simple minded frick
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 10/28/14 at 11:54 am to
How did this troll get to 3 pages? samsons'seed is clearly retarded and you can see the proof in every post he's ever made.
Posted by S.E.C. Crazy
Alabama
Member since Feb 2013
7905 posts
Posted on 10/28/14 at 12:36 pm to
You're a dumb azz fool.

For starters, when most of peoples taxes are federal taxes it's hard for a state tax cut to stimulate the locall economy when the feds have destroyed the economy with taxes and regulations that have stymied the economy, it can help, but it takes a few years to kick in.

See Florida and Texas, they have no state income tax and both economies are booming compared to the other states.

So your theory is as stupid as you are.

There are many factors that go into creating jobs, lower is only one.

Regulations, red tape, whatever you want to call it, Obamacare is killing jobs, Obamas EPA is killing jobs etc etc.

Over the long haul no state income taxes for Florida and Texas has worked great.

Ike cut taxes and he economy boomed.

JFK cut taxes and the economy boomed and revenue to the federal coffers doubled.

Reagan cut taxes and the economy boomed and revenue to the federal coffers tripled.

You commies don't have a clue about economics and you just proved that by thinking all economic movement can be changed QUICKLY at the STATE level when the FEDS are strangling the economy with burdensome taxes and regulations

Now go sit in the corner commie boy.
This post was edited on 10/28/14 at 12:59 pm
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
64195 posts
Posted on 10/28/14 at 12:40 pm to
You forgot taxes went up under Bill and economy boomed.

Just to be fair.

Like you said its not a simple thing to explain or understand.
Posted by Old Hellen Yeller
New Orleans
Member since Jan 2014
9414 posts
Posted on 10/28/14 at 12:43 pm to
I feel bad for the people of Kansas, but maybe they will learn a lesson from going so hard right. They make Alabama look deep blue.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
64195 posts
Posted on 10/28/14 at 12:46 pm to
quote:

learn a lesson from going so hard right.


Yea those far right crazy bastards and their falling far right crop prices. Teach um good. Next time go crazy far left and those prices will stay up yo!
Posted by S.E.C. Crazy
Alabama
Member since Feb 2013
7905 posts
Posted on 10/28/14 at 12:54 pm to
Bill Clinton benefited from a few things. Firstly he benefited from the Reagan boom which cut taxes and regulations allowing companies like Apple and Microsoft and many others to grow exponentially. He also benefited from the banking regulations that happened in the Bush years.

Then you had the Clinton screw up, they tried to nationalize health care, which brought in the first Republican House in over 40 years, which caused Clinton to have to change directions to get reelected, which brought about welfare reform and other Democrat concessions, which helped balance the budget. And if I am not mistaken I think Clinton cut some taxes before his reelection, I could be wrong about that but I am pretty sure he cut taxes at some point.

There are many variables that go into a great economy, but raising taxes will strangle jobs over the long haul and cutting taxes creates jobs over the long haul,you might have hiccups in between that appear different, like Reagan's first two years,but it takes time for policies to take effect.
This post was edited on 10/28/14 at 1:05 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57090 posts
Posted on 10/28/14 at 2:03 pm to
quote:

Bill Clinton benefited from a few things. Firstly he benefited from the Reagan boom which cut taxes
People also forget that the 10% tax on "luxury goods", enacted under bush 41 in 1990 was repealed in 1993 under the Clinton administration.

LINK

quote:

Mr. Caruso added that negotiations for the sale had begun earlier in anticipation of the repeal of the 10 percent excise or luxury tax on boats costing more than $110,000 and on other expensive items like jewelry and furs, but not on automobiles. "The customer told me he would have never bought the boat if he had had to pay the luxury tax, which would have added $30,000 more to the purchase price," Mr. Caruso said.


...as long as we're using one-variable models, should serve as adequate proof that tax breaks for "the rich" work.
This post was edited on 10/28/14 at 2:51 pm
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 10/28/14 at 2:39 pm to
quote:

Please, do a little research and see how both parties want to frick you then tell you how the other party is to blame

Here ya go

Edit: it's Kansas, who gives a shite!!
This post was edited on 10/28/14 at 2:42 pm
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51475 posts
Posted on 10/28/14 at 3:30 pm to
quote:

In about 2 years Kansas


TX, TN & FL have no state income taxes (can't get lower than that) but continue to see much higher growth (and for a helluva lot longer than 2 years). If tax cuts are so horrible, perhaps you can explain why the state of New York is pushing a "no taxes for 10 years" program to businesses that move there?

#InconvenientTruth

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