THE CRUX OF IT: The experiment of differing policies is resolved!
While I would never claim to be an expert in economics, common sense and non-bias can take you far.
I’m referring to taxes and the common platforms that ideologues on both sides depend on, namely; Republicans with their trickle-down deception and Democrats and their increased taxes.
In 2010, new Kansas governor Sam Brownback, pushed through massive tax cuts on the wealthy, like his side of the aisle usually seeks to do, at a cost of 800 million dollars, and it was paid for by eliminating mortgage deductions for the middle class and a percentage of school funding.
The tax cuts reduced the state’s income tax rate from 6.45 percent to 4.9 percent, scheduled to hit 3.9 percent by 2018. Governor Brownback and the GOP-led legislature also reduced sales taxes from 6.3 percent to 6.15 percent making sales taxes higher than income taxes. In other words- less money in and higher prices for products and purchases.
Kansas’ non-partisan Legislative Research Department estimates Brownback’s tax cuts will cost the state 5 billion in lost revenue by 2019. Now the Kansas economy is in the toilet.
By comparison, in 2012, California ( after it was freed from its Gov. Hollywood) voters passed a tax increase for everyone including the wealthy.
The New Jersey Policy Perspective, a non-partisan think tank, found that California’s tax increases will fill the coffers to the amount of 6.8 billion dollars of new revenue every year. That revenue is said to be set aside for the state’s public education.
At the federal level, American families have lost an average of roughly $48,010 in income per person, or 6.6 trillion, since the Bush tax cuts of 2001 (adjusted for inflation).
As journalist David Cay Johnston pointed out, that’s enough money to pay off every family’s credit card debt, student loan debt, and car notes, while still having enough left in the bank.
It is pasttime to stop insisting that economics is an ongoing experiment or simply a sincere disagreement in policy.
THAT IS DISINGENUOUS AND DECEPTIVE!
If right-wingers had the capacity to be forth-coming and honest, they would admit that their policies are in fact the actual examples of “intelligent design” and the results are definitive and obvious.
Ever wonder why EDUCATION is the first thing to be attacked at belt-tightening time?
