Senate’s tax plan favors the privileged

opinions

November 27, 2017 - 12:00 AM

Now out of the sausage stage, the Senate’s version of tax reform adds $1.4 trillion over 10 years to the country’s debt through tax cuts that will predominately benefit big business and the super wealthy. 

For Kansans, it’s a bad dream déjà vu. Thanks to Gov. Sam Brownback’s infamous tax cuts of 2012-13 we know they do not spur new business. Without adequate tax revenue to pay for goods and services the country will become even more of a debtor to wealthy countries like China.

Even optimistic economists say that while the country may experience a “small boost” to the GDP,  those moments will be fleeting because of the increased costs of financing a higher debt load.

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