Opinion Columns & Blogs

July 1, 2014

Paul Krugman: Kansas shows enduring power of bad ideas

Two years ago Kansas embarked on a remarkable fiscal experiment: It sharply slashed income taxes without any clear idea of what would replace the lost revenue. Gov. Sam Brownback proposed the legislation – in percentage terms, the largest tax cut in one year any state has ever enacted – in close consultation with the economist Arthur Laffer. And Brownback predicted that the cuts would jump-start an economic boom. “Look out, Texas,” he proclaimed.

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