It turns out the companies in charge of assessing whether a state is on stable financial footing aren’t fans of trickle down economics. Tax cuts passed five years ago at the behest of Kansas Gov. Sam Brownback (R) have left the state in perilous fiscal shape. And now, one of the major ratings organizations is warning that it might lower the state’s credit rating after Brownback vetoed tax increases last week.
Read more about how Sam Brownback created a Kochtopia in Kansas.
Early in his tenure as governor, Brownback pushed a series of steep income and business tax cuts—the biggest in state history, with the benefits heavily tilted to the wealthy—as a means of juicing the