The GOP has been pushing the whole tax cuts thing for decades…….kinda in the same vain as the whole trickle down theory, which as we all know is a worthless lie that has never been proven to be accurate….election after election GOP candidates premise tax cuts and the world will be a better place…..if they are allowed to cut taxes then all problems will be solved and the peasants can dance…..

The problem with their solution is that it does nothing but make states broke and poor people in more debt……but they continue to push the dream and we Americans buy it every time……

Let the truth be known…….take Kansas for instance…..the gov promised with more tax cuts the state would prosper…….it was total GOP bullshit!

In 2012, Kansas governor Sam Brownback signed a massive tax cut into law, arguing that it would boost the state’s economy. Eventually, he hoped to eliminate individual income taxes entirely. “Our place, Kansas, will show the path, the difficult path, for America to go in these troubled times,” he said.

Brownback’s tax cut proposal came as Kansas’s revenues were on an upswing. Spending cuts and a one-cent sales tax passed by Brownback’s Democratic predecessor had combined with economic growth to give Kansas a surplus. Now, Brownback argued, his tax cuts would lead to even more success. “I firmly believe these reforms will set the stage for strong economic growth in Kansas,” he said.

The governor proposed to cut income taxes on the state’s highest earners from 6.45 percent to 4.9 percent, to simplify tax brackets, and to eliminate state income taxes on most small business income entirely. In a nod to fiscal responsibility, though, he proposed to end several tax deductions and exemptions, including the well-liked home mortgage interest deduction. This would help pay for the cuts.

Yet it’s now clear that the revenue shortfalls are much worse than expected. “State general fund revenue is down over $700 million from last year,” Duane Goossen, a former state budget director, told me. “That’s a bigger drop than the state had in the whole three years of the recession,” he said — and it’s a huge chunk of the state’s $6 billion budget. Goossen added that the Kansas’s surplus, which had been replenished since the recession, “is now being spent at an alarming, amazing rate.”

In other words the tax cuts did not create jobs or new business or new residents….what they did was bankrupt the state….in case you are interested it is the same with every state that has cut taxes to the bone……and it will get worse.

A noted economist, David Cay Johnston, has tracked the numbers since 2000……..

I calculated that enormous figure by comparing the average income Americans reported on their 2000 tax returns with what they reported each year for 2001 through 2012, adjusting for inflation and the growing population. Add up the income for 12 years and it turns out to be $6.6 trillion less than if we had maintained the prosperity of 2000 for a growing population.

Why use 2000 as a benchmark? Well, first off, it marks the end of one era and the start of another. More important, that very good year economically was when George W. Bush, running for president, said American prosperity would get even better if he was elected and his tax cuts — key aspects of which he kept secret until after the election — would ensure American prosperity.

The results: The prosperity of the prior decade was lost. Job growth fell far behind population growth. The median wage (half make more, half less) has been mired since 1998 at a bit more than $500 per week.

In 10 of the 12 years when the Bush tax cuts were in effect, the average income shown on tax returns was lower than in 2000. In the two upside years, average income rose modestly, up $504 for 2006 and $1,744 for 2007.

Total those 12 years and the net shortfall per taxpayer comes to $48,010.

Consider what $48,000 of additional income over those 12 years would have meant to you. It is the equivalent of $11 appearing in your wallet every morning from the start of 2001 through the end of 2012.

How much better off you would be if your income had been $48,000 higher over those 12 years? To be sure, you would have owed taxes on that money. If you were not in the top 1 percent, federal income tax would have taken on average about 10 percent of that, leaving you with $43,200. (The top 1 percent would have paid 23.5 percent in tax.) In addition, if the extra income was all in wages, then Social Security and Medicare taxes also would have taken a bite, leaving you with about $39,500.

So how much better off would you be right now if you had another $39,050? And remember that is just the extra after-tax income you would have enjoyed had the prosperity of 2000 been maintained, while then-Gov. Bush promised greater and more widespread prosperity.