After Huge Tax Cuts for the Rich, Kansas's Economy is Foundering

to read Alan Pyke's article published on thinkprogress.org May 14, 2014, click on

http://thinkprogress.org/economy/2014/05/16/3438587/kansas-growth-projections/

In a time of slack economic growth and high unemployment around the country, Kansas lawmakers thought they had the solution: massive tax cuts for the wealthy would lure economic activity and jump-start the state’s economy. But after Gov. Sam Brownback (R) signed $1.1 billion worth of tax cuts into law over the past two years, the state is behind the national average for economic growth.

A new forecast from Kansas’s budget officials projects that “personal income in Kansas will grow more slowly than U.S. personal income in 2014 and 2015,” the Center on Budget and Policy Priorities (CBPP) writes. The projections come from Brownback’s own Division of the Budget, which expects personal income growth of 3.8 percent this year and 4.2 percent next year. The state’s overall economic growth is now projected to fall behind the nation’s after two decades of keeping pace, the think tank adds.

At the same time that Brownback’s promised economic growth is failing to materialize, his critics‘ predictions about the tax cuts are largely coming true. The tax package is starving the state of revenue. With less money coming in, Kansas is cutting public services.