Drudge Retort: The Other Side of the News
Wednesday, November 29, 2017

Every Kansan knows what happened after Gov. Sam Brownback's 2012 cuts did away with the state income tax for some 330,000 business owners. The governor kept insisting -- and in fact, still does -- that robust growth and woohoo, jobs galore would result. When that didn't happen, elected officials kept having to dip into funds set aside for highways and schools just to balance the budget. Finally, this year, lawmakers overrode a Brownback veto and at last repealed the LLC tax break and raised income tax rates.




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That had to happen, as Andracsek reminded Moran, "because we decided we want schools and we want roads." Knowing all that history, she asked him, "Why would you take this failed experiment nationwide? Our members of Congress should be the ones leading the way for tax reform that actually affects normal people, not just millionaires and billionaires."

Should but are not.

If Republicans wanted a bill that actually helped, as Andracsek put it, normal people, that's what they'd have come up with instead of a big, juicy break for the wealthiest families in America and a meager, mixed bag of lollipops and rocks for everyone else. Oh, and then the lollipops disappear after a few years, leaving us with a sack full of ... rocks.


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Good question.

Answer is that this is a corporate raider strategy; break the back of the entity before you buy it cheap.

#1 | Posted by Corky at 2017-11-29 03:17 PM | Reply

"Why?" Because it make bribes, excuse me I meant campaign contributions, just roll in. And the R base loves it. They don't care if it ruins the country. Rich people won't suffer. They'll just have more peons to lord it over.

#2 | Posted by SomebodyElse at 2017-11-29 04:51 PM | Reply

Major corporations have already said that the tax breaks will not increase hiring - instead the money will go to stock holders. That help maybe 10% of us.

What we really need is a tax hike to pay off the debt, because if America goes bankrupt (which I think it will in about 10 years or so) you are looking at facing either me or Boaz. And Boaz will make you service his feet.

I'm only going to eat you.

#3 | Posted by HeliumRat at 2017-11-30 12:01 AM | Reply

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