Saturday, 27 January 2018

Kansas vs California: a tale of tax

In Donnie, We’re Not In Kansas Anymore David Cay Johnston compares the impact of tax cuts in Kansas and tax rises in California on their respective economies.
Since the tax changes, the California economy has grown 1.7 times faster than the Kansas economy. Perhaps even more significant, California grew its share of the national economy from 13.8 % of the U.S. Gross Domestic Product to 14.2%. Kansas stayed flat at 0.8% of national GDP.
Further west, in tax-raising California, jobs increased much faster. While jobs grew in Kansas by 3.8%, in California the lift was 11.8%.

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