Annie McKay is Executive Director of the Kansas Center for Economic Growth (KCEG). This post previously appeared on the KCEG blog.
Ever since Kansas enacted substantial income tax cuts in 2012 and 2013, we have eagerly awaited the prosperity and Texas-sized job growth that we were promised would be spurred by these changes.
Unfortunately, our efforts to be like Texas aren’t paying off for most Kansans. In fact, after two years of tax cuts:
One of the questions we need to ask ourselves is: Can we afford another tax cut when we can’t give another tax cut without cutting vital services? It is not only schools and colleges that are damaged. What about bridges like the one being closed between Lexington and Purcell? What about overcrowded prisons that are ticking time bombs? Who will get this proposed tax cut? Is it worth hurting education more? Sixty percent of Oklahomans will get $2.50 per month or less. Those who earn over $1.2 million per year will get a little over $2,000 per year.
Oklahoma earthquakes of 2.5 magnitude or greater felt or reported in 2013, more than 3 times as many as in 2012.
Source: Oklahoma Geological Survey via NewsOK
The post 222 appeared first on Oklahoma Policy Institute.
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Taxes are on the minds of many this week as April 15th approaches. They're also on the minds of many conservative governors -- in states such as Louisiana, Ohio, Oklahoma, and Nebraska -- who have seen their radical tax proposals to further enrich corporations and the wealthy run into major resistance from voters, businesses, and even conservative lawmakers. Louisiana Governor Bobby Jindal, who this week withdrew his regressive plan that would have eliminated the state income tax while raising the sales tax, has seen his standing drop sharply in the polls. In the run up to Tax Day, increasing attention is being focused on how tax breaks for the wealthy and corporations increase burdens on the middle class.
For-profit charter school companies and their allies were hoping to push so-called "parent trigger" bills this year in over a dozen states -- bills which purport to "empower" parents of poor-performing schools by allowing them to vote to turn over their neighborhood schools to private companies. But in state after state, parents themselves have been pushing back.