Monday, December 15, 2014

Supply Side Jesus Is Coming

Tax cuts can only be failed.
His response came this past week, as he offered his first proposal to steady the budget, at least in the short term. He suggested cutting more than $70 million in agency spending and transferring more than $200 million into the state general fund from various reserves to plug the gap through the fiscal year ending in June.

But the plan has only stoked more unease, even among Mr. Brownback’s Republican allies.

The state’s nonpartisan legislative research office released new data Thursday suggesting that the governor’s proposal, by relying more on balance transfers than spending cuts, was essentially kicking the can down the road, inflating the deficit to nearly $650 million for the next fiscal year beginning in July.

Good luck, Kansas!