Quote:
Originally Posted by Aarongavey
https://www.cbpp.org/research/state-...upply-side-tax
When Sam Brownback came in in Kansas and made massive tax cuts it almost single-handedly killed their economy. Their private sector job growth for the 5 years the tax cuts were in place was lower than all the neighbouring states save one and was less than half that of the US average (high tax states really pulled up that average). Their economic growth was the lowest of the 5 neighbouring states and was again less than half the US rate of economic growth. Their labour participation rate dropped after the tax cuts. So it does appear that massive tax cuts have a negative impact on overall economic growth and on job creation.
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One thing to note here is how far further to the low tax Kansas started from than Alberta. 5% ish rates going in.