Quantcast
Connect with us

Trump’s economic team is loaded with the same Tea Party cranks who destroyed Kansas’s economy

Published

on

By now, we all know that Governor Sam Brownback’s Tea Party “experiment” in Kansas has been an abject failure.

Actually, scratch that: There is someone who still thinks Brownback’s Kansas disaster has been a smashing success, and he happens to be a Heritage Foundation economist who is one of Donald Trump’s top economic advisers.

As the Center on Budget and Policy Priorities documents, top Trump economics adviser Stephen Moore has been instrumental in pushing Brownback to implement budget-busting tax cuts that have perpetually crippled his state’s finances.

Even more damning, Moore has been completely oblivious to this reality and has continued to insist that the Brownback tax cuts are working exactly as advertised.

First, the CBPP outlines the case that Brownback’s tax cuts have been a fiscal calamity for the state that also haven’t spurred a promised economic growth explosion.

ADVERTISEMENT

Among other things, “total employment in Kansas has risen only 2.4 percent, compared to 6.5 percent nationally” since the tax cuts went into effect. Additionally, “the state’s economy has grown less than half as fast as the national economy; Kansas’ gross domestic product (GDP) grew 4.3 percent from the end of 2012 through the end of 2015, while national GDP rose 11.5 percent.”

Despite this, however, Moore has advised that Brownback go “full speed on the tax cuts” and even said that “if Kansas can continue to get the rate close to zero, we would expect to see some strong growth effects.”

This past spring, Trump asked Moore and fellow Brownback booster Larry Kudlow for help in re-writing his tax reform proposals, which he will presumably unveil on Monday afternoon. Similarly, legendary supply-side crank Arthur Laffer talked with Trump about tax policies earlier this year and said that the candidate struck him as “presidential.”

ADVERTISEMENT

So when you watch Trump’s big speech on economics on Monday and you hear a lot about the magical effects that supply-side tax cuts have on the economy, just take a look at what’s happened in Kansas and imagine it playing out on a national level.


Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Protesters take to the streets outside judge’s home after he approves controversial jail sentence for black judge

Published

on

On Monday, angry crowds of people came to the neighborhood of Hamilton County Common Pleas Court Judge Patrick Dinkelacker after he ordered former judge Tracie Hunter to serve a six-month prison sentence for mishandling a confidential document.

The scenes from the courtroom were dramatic, with Hunter's supporters screaming as she collapsed upon Dinkelacker upholding the sentence, and officers dragging her limp figure from the courtroom:

Continue Reading

Breaking Banner

‘They share staff with the Kremlin’: Maddow roasts Trump’s new favorite right-wing network OANN

Published

on

MSNBC anchor Rachel Maddow roasted One America News Network (OANN) for employing a Kremlin operative to report on United States politics.

"If the Fox News channel is insufficiently pro-Trump for you, you may or may not know there is another boutique little news outlet that is designed specifically for Trump megafans called One America, One America News Network," she explained.

"The Trump White House gave this boutique outfit a hard pass for access to the White House grounds and a permanent seat in the White House briefing room -- remember when the White House used to hold press briefings? They had a seat," she continued.

Continue Reading
 

Breaking Banner

Trump asked right-wing conspiracy theorist congressman to help him pick his next Director of National Intelligence

Published

on

On Monday, Politico reported that President Donald Trump is consulting with Rep. Devin Nunes (R-CA) about who he should consider to replace Director of National Intelligence Dan Coats.

Nunes has led the Republican side of the House Intelligence Committee since 2015 and chaired the committee for four years, despite having no professional qualifications of any kind for that role. Since 2017, he has been known for his stunts and conspiracy theories intended to discredit the Russia investigation and throw suspicion on anyone who looks into Trump's conduct.

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

Join Me. Try Raw Story Investigates for $1. Invest in Journalism. Escape Ads.
close-image