state finances: By slashing taxes far more than the state could afford, the Republican governor has generated debt downgrades, weak growth, and state finances in shambles, according to MSNBC. During his re-election bid last year, Brownback assured Kansans his plan would create 25,000 jobs in the state per year. Sam Brownback economic experiment should be pretty obvious to everyone by now. The *Kansas City Star* reported last week, however, that job growth in the state over the last 12 months was 0.0%. To appreciate just how ridiculous conditions have become, consider the fact that even Brownback allies are giving up on his failed policy. But the shot of adrenaline hasn’t worked as envisioned, and the state budget has been in crisis ever since. The Kansas Associated Press reported yesterday: After he became Kansas governor in 2011, Sam Brownback slashed personal income taxes on the promise that the deep cuts would trigger a furious wave of hiring and expansion by businesses.
(news.financializer.com). As
reported in the news.
Tagged under state finances, Republican governor topics.