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A Free-Market Failure In The Heartland
|06/18/2017||Posted by BusinessMediaguide.Com under General World News||
It was every supply-side economist’s dream: the promise of achieving economic nirvana by slashing taxes for the wealthy and corporations, and shrinking government. Except it became a nightmare for the people of Kansas, and now the Kansas Legislature has taken a big step toward waking up from it.
Kansas Gov. Sam Brownback turned his state into a laboratory for the most extreme form of trickle-down economics, promising that it would usher in an economic boom. It didn’t. It never has. Brownback’s five-year experiment caused state revenue to plummet, the deficit to explode, and painful spending cuts to be read more >>>