Do tax cuts spur growth? What we can learn from the Kansas budget crisis
Four years ago, businesses in Kansas went from paying over 6 percent taxes to paying nothing at all, as part of a Republican experiment to boost the limp state economy. But when the massive...
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MILES O'BRIEN: Now back to efforts to pass a rewrite of the tax code, and how a majorexperiment to cut taxes in Kansas has played out.As House and Senate Republicans in Washington work to reconcile their tax bills, some havesaid the Kansas experiment, while different in many ways, offers some potential lessons.Economics correspondent Paul Solman recently visited the state, part of his weekly series,Making Sense, which airs every Thursday.PAUL SOLMAN: Nine years ago, John Rhoden started his roofing company in Wichita, Kansas.His crews now work on commercial buildings like these.Four years ago, in 2013, businesses like his went from paying well over 6 percent in statetaxes to paying nothing at all, part of a plan to boost the limp Kansas economy.JOHN RHODEN, Owner...
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MILES O'BRIEN: Now back to efforts to pass a rewrite of the tax code, and how a majorexperiment to cut taxes in Kansas has played out.As House and Senate Republicans in Washington work to reconcile their tax bills, some havesaid the Kansas experiment, while different in many ways, offers some potential lessons.Economics correspondent Paul Solman recently visited the state, part of his weekly series,Making Sense, which airs every Thursday.PAUL SOLMAN: Nine years ago, John Rhoden started his roofing company in Wichita, Kansas.His crews now work on commercial buildings like these.Four years ago, in 2013, businesses like his went from paying well over 6 percent in statetaxes to paying nothing at all, part of a plan to boost the limp Kansas economy.JOHN RHODEN, Owner...
