Can’t conclude that tax cuts pay for themselves

taxcuts“The business boom predicted by tax cut advocates has not happened, and it certainly has not come remotely close to offsetting the static revenue loss from the legislated tax cuts,” Howard Gleckman wrote in Forbes magazine about Kansas’ declining tax revenues and sluggish economy. Gleckman concluded: “One can argue whether cutting taxes is a good thing. One can argue about whether government is too big. One can even argue about whether low taxes increase business activity. But one cannot credibly argue that tax cuts increase revenue or even pay for themselves.” Another Forbes contributor, David Brunori, argued that while Gov. Sam Brownback oversold the short-term benefits of the tax cuts, it “may be too early to know if the Kansas experiment is a long-term failure.”