Monday, March 28, 2016

Louisiana follows Kansas into budget hole - Steve Rose, Kansas City Star

If misery loves company, we’ve got company. Kansas, meet Louisiana. When he was governor of Louisiana, Bobby Jindal, who recently unsuccessfully sought the Republican nomination for president, must have read the same playbook that Kansas Gov. Sam Brownback read. Jindal and his conservative Republican legislature slashed income taxes, mostly on the wealthy, passed big tax breaks for corporations and ran up deficits with a whole host of measures. Jindal argued that the tax cuts would stimulate business enough to plug the deficits. They didn’t. The Louisiana budget shortfall is close to a billion dollars for the fiscal year that ends June 30 and $2 billion for the next fiscal cycle, which begins July 1.

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