Two years ago, Kansas Gov. Sam Brownback announced that he would revitalize the plodding Kansas economy by taking a meat cleaver to taxes. This, Brownback assured one and all, would create tens of thousands of … well, you know. Kansas’ neighbors appeared ready to follow Brownback’s lead, until the predicted boom never materialized. Revenue has plummeted, reserves are being raided and job growth has lagged behind three of Kansas’ four neighbors. Tax cuts, as they are largely understood today, do create jobs — for hedge fund managers. And they do increase revenues — for foreign banks. The rest of us are not so lucky.
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