Tuesday , December 18 2018
Home / Econbrowser - James Hamilton / “Failed tax-cut experiment in Kansas should guide national leaders”

“Failed tax-cut experiment in Kansas should guide national leaders”

Summary:
That’s the title of an oped by Heather Boushey in The Hill. There’s not much to disagree with in the article, but I think one graph of Kansas employment would’ve really driven home the conclusion. Figure 1: Nonfarm payroll employment in Missouri (blue) and in Kansas (red), both in logs 2011M01=0. Orange shading pertains to period during which tax cuts are in effect. Dashed lines denote beginning and end of Brownback governorship. Source: BLS, and author’s calculations. For comparison, I include the Missouri series, also normalized. It is hard to argue that the change in the Kansas series gradient is just coincidental with the end of the tax cut experiment. I think I deserve apologies from those who wrote four years ago (in response to Whistling Past the Intellectual Graveyard) about

Topics:
Menzie Chinn considers the following as important:

This could be interesting, too:

Menzie Chinn writes Wisconsin and Her Neighbors

Menzie Chinn writes Wisconsin Labor Force, Civilian, Total and Private Nonfarm Payroll Employment All Decline

Menzie Chinn writes Using Gov. Walker’s Gold Standard QCEW, Has 250K Jobs Been Added?

Menzie Chinn writes Is California in Recession? (Part IX)

That’s the title of an oped by Heather Boushey in The Hill. There’s not much to disagree with in the article, but I think one graph of Kansas employment would’ve really driven home the conclusion.

“Failed tax-cut experiment in Kansas should guide national leaders”
Figure 1: Nonfarm payroll employment in Missouri (blue) and in Kansas (red), both in logs 2011M01=0. Orange shading pertains to period during which tax cuts are in effect. Dashed lines denote beginning and end of Brownback governorship. Source: BLS, and author’s calculations.

For comparison, I include the Missouri series, also normalized. It is hard to argue that the change in the Kansas series gradient is just coincidental with the end of the tax cut experiment.

I think I deserve apologies from those who wrote four years ago (in response to Whistling Past the Intellectual Graveyard) about giving supply side a chance: Bruce Hall, Ricardo (aka RicardoZ, Dick, DickF), Steven Kopits, and Rick Stryker.

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

Leave a Reply

Your email address will not be published. Required fields are marked *