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Kansas offers a ‘cautionary tale’ for Trump’s tax cuts: ‘No evidence whatsoever this plan worked’

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Kansas offers a cautionary tale for what President Donald Trump’s tax plan could do to the federal budget.

Duane Goosen, the former Kansas secretary of administration, said Trump’s plan gave him the shivers because of its “unbelievable” similarities to policies that ruined his state’s budget, reported The Guardian.

Treasury secretary Stephen Mnuchin and chief economic adviser Gary Cohn last month unveiled the plan, which borrows heavily from the “supply-side” theory that has influenced Republican tax policies since economist Arthur Laffer sketched it on a cocktail napkin for Dick Cheney and Donald Rumsfeld in 1974.

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Kansas Gov. Sam Brownback promised voters that his business tax cuts would pay for themselves and benefit everyone with a “shot of adrenaline” to the state’s economy.

But that’s not what happened, Goossen said.

“We are a cautionary tale,” he said. “It sounds great, everybody gets a tax cut and it’ll balance – but it just doesn’t work.”

Goossen, now a senior fellow at the Kansas Center for Economic Growth, said the money went to a small group of wealthy residents and left the state budget with a $1 billion shortfall.

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The school system, after yearly budget cuts, has gone from one of the nation’s best to one of the worst.

Brownback’s plan — like Trump’s — promised to spur growth for limited liability companies, which would, in theory, create new jobs.

The state has about 110,000 more LLCs, but that growth hasn’t boosted hiring.

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The state has added just 12,400 private-sector jobs since 2014, far fewer than the 100,000 Brownback promised during his re-election campaign, and that job growth hasn’t kept pace with the state’s neighbors.

“There is no evidence whatsoever that suggests this plan worked,” Goossen said.

Laffer agreed the situation “sucks” in Kansas, but told The Guardian that lawmakers should have cut taxes even more.

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“When you put an atomic bomb on a place it will materially change the place – but a cherry bomb probably won’t change the buildings or anything else,” Laffer said.


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Trump has figured out how to get taxpayers to renovate one of his golf courses: MSNBC panel

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President Donald Trump has figured out how to have taxpayers pay to renovate his Trump National Doral Miami golf course, according to an analysis by MSNBC's Stephanie Ruhle.

"Before setting himself on fire on Ukraine yesterday, Mick Mulvaney came into the White House briefing room to break to the nation the fact the that the Trump Doral golf resort turns out to be -- in his estimation, organically, just sitting there -- the best possible place to have a G-7 Summit of world leaders," MSNBC's Brian Williams reported. "That was provision number one. There’s no better place that we can find. Number two was, the president will not profit from said G-7."

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Bill Maher reveals plan to ‘bribe’ Trump with one billion dollars — for him to leave office

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The Constitution has two mechanisms to remove President Donald Trump from office prior to his term ending on January 20, 2021: impeachment and the 25th Amendment.

HBO "Real Time" host Bill Maher noted that Trump could also choose to resign.

Maher waved around a $1 million check that he said he would give to Trump to quit.

He said he also knew 1,000 people who would do the same -- which would land Trump over $1 billion.

Maher said even poor people would pawn their wedding rings to add to the pot.

Watch:

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Trump can’t fire Mulvaney because nobody else wants to be his chief of staff: report

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White House Chief of Staff Mick Mulvaney will likely stay on at the White House despite his public confession of a quid pro quo in the Ukraine scandal at the center of the impeachment inquiry, The New York Times reported Friday.

"But Mr. Mulvaney’s job has been anything but normal since the news conference on Thursday at which he seemingly undermined the Trump administration’s strategy for avoiding impeachment by acknowledging that Mr. Trump had sought a quid pro quo for providing Ukraine with American aid," the newspaper reported. "In the chaotic aftermath, the president’s Republican allies are questioning Mr. Mulvaney’s savvy and intelligence even as the Trump campaign is defiantly turning one of his lines from the news conference into a T-shirt."

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