Recently Noted – in free-market capitalism and US economy
Giving tax breaks to the rich and corporations has been basic to every Republican since Hoover. President Reagan piled on with trickle-down economics. I wrote about it here: Trickle-Down Returns to Enrich the Rich. Now the great state of Kansas proves again the tax breaks do not generate more jobs or income excepting for the rich and corporations through their lower tax payments.
It’s a great day: Kansas legislature pulls the plug on Gov. Brownback’s failed trickle-down experiment
In a truly awesome development, the Kansas legislature finally says “no” to its failed experiment with trickle down tax cuts. What does that portend for D. C.?