One day before the state reported that its tax collections for May were a stunning $217 million less than expected, Gov. Sam Brownback had a commentary in the Wall Street Journal headlined, “A Midwest Renaissance Rooted in the Reagan Formula.” Brownback summarized the state’s income tax cuts on his watch and touted the business formations, unemployment rate and private-sector job growth, also giving a nod to neighboring states’ recent tax cuts. “Kansas and its neighbors in Missouri and Oklahoma are charting a course based on a vision of lower taxes and leaner governments leading to a more prosperous citizenry,” he wrote. On Thursday the governor delivered a similar message at the Heritage Foundation in Washington, D.C. Asked by the Hill about the decision of Moody’s Investors Service to downgrade the state’s credit rating over fiscal concerns in the state, Brownback said: “They’ve been downgrading a lot of states.” Actually, Moody’s has downgraded only three states in the past year: Illinois in June 2013, Kansas in April and New Jersey last month.
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