Trump's Tax Plan Sound Familiar? Kansas Enacted a Similar One -- and Its Economy Tanked.

Trump's Tax Plan Sound Familiar? Kansas Enacted a Similar One -- and Its Economy Tanked.

BY TRIBUNE NEWS SERVICE

http://www.governing.com/topics/finance/tns-trump-tax-kansas.html

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President-elect Donald Trump's proposed tax plan for the nation is similar to Gov. Sam Brownback's self-proclaimed "real-live experiment" tax plan enacted in 2012.

Kansas faces a nearly $350 million budget gap for the current fiscal year, which runs through June. The budget gap has forced the state to make cuts to most state agencies, the state pension system, highway projects and universities.

In September, the Federal Reserve Bank of Philadelphia ranked Kansas 50th in the nation for employment growth, manufacturing hours worked, unemployment rate and wage growth. An economist with the Washington-based, low-tax advocate Tax Foundation told Mississippi lawmakers evaluating planned tax cuts that Kansas is "an example of what not to do in tax reform."


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