When Tax Cuts Failed

When Tax Cuts Failed


(gentle music) I really don’t pay
a whole lot of attention to the income taxes
or the tax issues. I just, when they tell
me to pay ’em I pay ’em. – Taxes don’t bother me,
unless they raise taxes. – I believe this tax plan, it
just dried up for everything. State’s not taking in any money, so certainly something
has to be cut. – G-50. – Personally, I think our
taxes are all screwed up. – [Narrator] That’s Kansas
Governor, Sam Brownback, after his first year in office. It was 2012 and the state was
emerging from the recession. – Since January of 2011,
Kansas has added more than 11,000 net private
sector jobs in one year. We’re a state in transition,
from a high tax state to a low tax state. – [Narrator] A few months
later, Brownback would sign the largest and most radical
tax cuts in Kansas history. What he called a
real live experiment. – It’s like shooting
adrenaline into the heart of growing the economy
by taking that tax off of small business where most
of your job creation is. – [Narrator] Governor
Brownback argued the cuts would eventually
pay for themselves by creating jobs and
boosting the state’s economy. Two main features of the cuts were a 25% decrease in taxes
for the highest income rates and completely
eliminating income tax on pass-through businesses,
such as LLCs and S-corporations. The first year they
were implemented, the cuts resulted in a
$700 million revenue loss for the state. Almost all areas of the budget
were effected. But Kansas’s public schools
were one of the hardest hit. (children playing) – [Man Over Intercom] Good
morning students and staff. Today is a terrific terrific
tremendous Tuesday morning. (soft music) – Caney is a quaint
charming little town. It has a population
of about 2,500. Almost everybody
knows everybody. I’ve grown up here
all of my life. Graduated from Caney
Valley High School. And I am a fifth grade teacher. When I first became a teacher, things were going pretty good. – I would say that I started
noticing back in 2013 of some of the resources
that we are starting to lose. Administration
come in and tell us that we needed to
use technology, but we didn’t have
enough computers for everyone to do that. – We also cut staff
during that year. I mean we lost
staff in every area, whether it be
custodial, maintenance, our tech director
during that time. We had to cut staff
just to make ends meet. And any time you’re
cutting individuals that are interacting
day-to-day with our kids, that’s a big impact. – [Teacher] Number five,
Ursula’s going to be in a pickle if she can’t find her homework. In a pickle, what
does that mean? Benny? – [Benny] In trouble. – [Teacher] Yes, she’s
gonna be in trouble right? – We started cutting Friday out
towards the end of the year, two years ago, for
about three months. So what’s happening
to those kids when the parents
still have to work? So they’re still going
to an eight to six job and those kids
don’t have a daycare because this was not planned. So who’s taking
care of the kids? I think as a school system, we let our kids
down in that way. – It was tough for us to
really dig out of that hole. It was making some very
very tough decisions. (upbeat music) – Our school is our
center in our town. My job was to focus on the kids and doing what I
am required to do. Just knowing though as
a citizen of our state, yikes, what are we thinking
pulling from those resources. – Caney was very
supportive of the governor but as things went
down the road, you could definitely see the
sentiment begin to change. It’s hard not to let your
emotions come into something when it affects your kids. As this began to go
on and on and on. And it did not turn around, it was very easy to see
that despite the intent, I don’t think anyone’s
doubting the intent behind it, that it wasn’t working. This hole kept growing. (upbeat folk guitar music) – The Topeka Zoo is
actually a city department. We’re a municipal zoo. We are funded by
city property tax. Tax money is our base
and we are very thrifty to make ends meet
and to make sure that we can take care
of the animals and provide the community
with something fun. – What do taxes mean for me? How much of my disposable
income goes to somebody else? I think that some of our
taxes are a waste of time and some are really good. – I am willing to pay
more income taxes because ideally it would help
facilitate quality of life for the state in general. Alright, so I’m going
to climb up to Jackie. She is one of our
two-toed sloths. She’s actually pregnant
and is most likely going to be giving
birth any day now. (gentle traffic noise) – I think the whole
thought of the tax plan and cutting taxes and the
trickle down effect of that to stimulate the economy
was an experiment and now in 2017, we can look back and
say that experiment really hasn’t worked very well, in terms of the economic
status of the state. The last two years,
the legislature really struggled with how do
we balance the budget. We have decreasing
revenue coming in because of the tax cuts. We have increasing needs
for social services, Medicaid expansion and
those sorts of things. So it’s been a real struggle. People kind of existed
in this mindset that what’s on the chopping
block next, you know. What are they going
to come after next? Depending on how people
spin the numbers, you hear 10 different
versions of how successful or unsuccessful it’s all been. – One of the things
when you start talking about tax policy, I’ll use me as an example. I’m a young professional. I have kids in our school
districts, but am I really versed on what’s
happening at the state house, literally several blocks
away from my place of business every day,
related to our taxes? No. And we probably should be. – Today a new poll
found that 61% in Kansas called Brownback’s
plan a failure and only 7% said it was a success. Governor Brownback’s
approval rating is 18%. – [Narrator] As a
result of the tax cuts, Kansas’ credit rating
was downgraded. The state was facing
chronic budget shortfalls and state healthcare
continued to be underfunded. – Morning. – [Woman] Morning Ben. How are you? – Good, how are you? – I’m good. – Good, good, good. Ready for another
fun and exciting day? (elevator gently rumbles) Stormont is a great hospital. Every decision that
is made is made with a strong emphasis on what’s
happening in our community. – We don’t have some process
where we’re screening people out because they don’t
have the ability to pay. We’re happy to do that. But the more people
that come to us that don’t have ability
to pay means we’ve gotta get that from
somewhere else. – So working in
healthcare, in pediatrics, I’m lucky in the sense that
I get to know families. I get to hear their stories, I get to learn about the things that are going well for them. And I get to hear
about the things that are worrisome to them. Insurance being a
large one of them. For a lot of kids and families, they depend heavily on
state-funded insurance. He seems pretty
content and happy, but we want to keep
him stimulated. Even if they have
private insurance, they relay on one
of the state-funded programs as a secondary payer. And without that, those families would be
financially devastated. Normal day, she’s
gonna see a whole lot more than just
in this room, so. My family was one
of those families that I would put
in that category. I had a son who was born and was diagnosed shortly
after birth with what ended up being a
terminal illness. I work full time. I provide for my family. I have private insurance
for my own family and without the
secondary insurance that we received through the state, my family would
have been bankrupted due to the medical
bills that we had. (light guitar music) – The healthcare
system only works when people have access to it. And access means they have
some form of insurance. Because that’s when they
come to receive care. When people don’t
have access to care, they don’t seek care. And they have chronic illnesses and they show up in our
emergency department. And then we may write
off 100% of the bill because they have
no ability to pay. Those are the very people
who should be on Medicaid. It’s part of our
social responsibility. – Sure, do I believe
that there are people who abuse the system? I’m sure there are. But you can’t try to
weed those things out and use that as a policy
talking point without recognizing that you’re
going to hurt families that genuinely do
need the assistance. And who genuinely are
doing the best they can. (midtempo blues music) I get very, very tired of
hearing that this is about somebody not having to pay for
something for somebody else. I didn’t choose to be
put in that position with my family and
no family chooses to have a child that’s sick. So I know that that’s
kind of a few steps down from talking about
official tax policy, but at the end of day
you can’t talk about tax policy without
recognizing what kind of an impact it’s going
to have downstream. And that’s where my feelings kind of come from
on the subject. (midtempo blues music) (upbeat banjo music) – I think that they’ve
raised our property taxes and things way too high. I think that we need to
give the business owners the tax break because then
they will hire more people, they will create more jobs. – Cut taxes is great, but then where’s the money coming from? To provide the quality of life we’re used to it takes money. – A tax cut is good
if you use it right. What you gotta get
is that even balance. – Just personally I
think that the downfall of small business is taxes. – There are businesses
that are fighting to keep these tax cuts alive. Wenger Manufacturing is a
third generation family firm. They say they’ve saved
18 million dollars from the tax cuts
that’s been reinvested in new technology and new jobs. – [Narrator] Over 330,000
businesses took advantage of the tax cuts saving hundreds
of millions of dollars. But not everyone
saw the benefits. – Who doesn’t like a tax cut? I mean, my personal beliefs
were, I was a little bit leery. I’m not sure why, you
know, a business like mine, it’s a C corp, wasn’t
necessarily targeted. I probably should
know the details of that a little
bit more than I do. I really didn’t to take positive
advantage of the tax cuts. We do mostly
government/public sector work. We’re a small business
and our niche would be in levees and dams. Unfortunately I’ve
experienced negative parts as far as a cut in
spending that’s affected the Kansas Transportation
Department. And here in the last three
weeks we’ve let some people go. In my opinion, it
wasn’t a catalyst like the governor
or others had hoped. The idea of the tax cuts
was that the tax cuts were gonna stimulate the
economy and the revenue would come through
that economic growth. It was pretty clear
after a couple of years this wasn’t working
and instead of trying to correct that
situation a lot sooner, people were doubling
down on that and now we’re in
a situation where it’s gonna take a little
bit of time to fix. (calm music) (factory working) – I’m fourth
generation dairy farmer and this is our
processing facility. We have 150 cows on our
farm and from those 150 cows we’re bottling about 10,000
bottles of milk a week. We’re able to move that
through 150 grocery stores throughout the state of Kansas. And we’re very proud
to be a Kansas company. I love that what
we’re doing here is essentially
feeding the world. (wind blowing) Taxes on our farm, I mean,
it’s a part of every business. It’s a part of every farm. We have sales tax,
we have property tax,
we have income tax. It’s easy to feel
taxed from every angle. When they were
drafting legislation and really coming
up with a tax plan, I think that the focus
was very genuine. I’m one of those rare people,
I think our state legislatures have our best interest at heart. But from us as a
farm, we haven’t seen huge impact from that. Speaking just on
our farm, I will say that if we were to get
an increase in cash flow, our desire is to
put robotic milkers into our freestall system
which would actually eliminate some labor. So I think that theory
of trickle-down, while it’s novel in its
concept, I feel like Kansas has kind of proven that
that isn’t something that’s gonna occur short-term. – [Narrator] After five
years, the tax experiment had not created
the economic growth Governor Brownback had promised. And in 2017 the Kansas
legislature voted overwhelmingly to restore the tax rates. – Embattled governor
Sam Brownback is set to become U.S.
Ambassador-at-Large
for Religious Freedom. – [Narrator] In late
2017 the U.S. Congress passed President
Trump’s tax plan. – It will be the largest
tax cut in the history of our country. – [Narrator] Which has elements
that strongly resemble the Kansas experiment. (calm music) – It’s the same old trickle-down
theory, the policies, in my mind, they’re the same
old trickle-down theories. Cut ’em at the top and it will
trickle down to the bottom. And in the past four years
that has not worked. – Quite frankly I think
the experiment failed. We did not see the economic
upturn that was projected. We haven’t seen this
big influx of industry and organizations wanting
to relocate to Kansas because of these tax cuts,
and that was the projection. I’m a little concerned that
we have the same concept at the national level now. – It’s not completely
apples to apples. The national economy
is a lot different than the Kansas
economy, I get that. I get a little worried
though when we place a lot of emphasis on economic
growth because of tax cuts. – I think that it’s unique
that we took the chance. Kansas tried
something different. – I have yet to hear as much
of a compelling argument for cutting the taxes as
I have for making sure that we keep the right
revenue stream in place to make sure that we provide
the essential services different families need. – I don’t think we’ve seen all
the effects from these cuts. We don’t know exactly
how deep this goes. And so I think that that’s
the biggest thing with it is, is that it’s not worth it
if it’s not paying off. Don’t be afraid
to pull the plug. (calm music)

80 Comments

  1. Chris Granger says:

    For the last few decades technology has been pushing people out of jobs at a rate higher than it is creating them, the more technology advances the more this disparity increases. Time to look for a new way to run and organise the economy, credit to Kansas for trying something new, it would do well to keep this pioneering attitude into the 2020s. I hope Countries start to act pro-actively in the face of change, rather than make knee-jerk reactions.

  2. Bryce Barrett says:

    My most of my public education was at schools where we only went 4 days a week and it actually had an overall positive impact on the county. The school saved money that they then put back in STEM programs. Our graduation rates were at an all time high as well as the rate of graduates attending college.

  3. woodchuck 00 says:

    I think we are missing part of this program. If it was PBS's decision to not have a more nuanced discussion into why Kansas fail and at what levers the tax rate should be at then I am disappointed by PBS. If it was the Atlantic who decided not to upload it then I have lost my faith in them. A lot of people in the video refer to trickle down economics, unfortunately for them trickle down is not an economic theory. Trickel down is a straw man that was created by politicians who thought a decent and catchy buzz word was better than critical analysis. The correct term is supply-side economics and that is what economists talk about, no true economist used the term trickle down.

    Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation, by which it is directly opposed to demand-side economics. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices and employment will increase. Its opposition Demand-side economics is which argues that economic growth is most effectively created by high demand for products and services. According to demand-side economics, the output is determined by effective demand.

    The flaw with supply side is that there is a limit to how low taxes can go, there is also a limit to how high they can go before they negatively affect the economy. This difference is widely debated as The Laffer Curve. the man in the dinner who said you can tax too much, you can tax too little, its a balance was correct. Supply-side has a long history in the US, the first implementation was started by JFK, the tax reforms of 1964 is what lead to the investment that made Silicon Vally as we know it today, hundreds of companies that make consumer-focused products and not the few dozen who made circuits for military and government contracts. The tax cuts in 1980 resulted in the government's revenue quintupling in 1988.

    The problem with the '80s which continues to this day is that there has not been the tax code reform needed to limit loopholes (important as even when the top marginal rate was above 70% few people actually paid this) and spending cuts/reforms. The problem with Kansas was that pass-through companies were tax at 0%. Now there are a lot of legitimate reasons to set up a pass-through company but some of the most nefarious purposes would be to qualify for reduced tax rates, tax credits, or subsidies. One way this can be achieved is by funneling your money from a retail business into an agriculture business.

    This lack of inciting is upsetting given that The Atlantic is known for publishing articles that are multiple pages long. I think what many in this video and in this comment section have said is proof of what happens when politicians and the news media treat people like they are stupid.

  4. Amelia Brittain says:

    I believe in tax cuts for SMALL businesses. But the tax must be raised for larger corporations, they must be held accountable and taxed fairly. If you have more than 50 employees, you need to pay up so that kids and sick people can live lives free from squalor and neglect.

  5. W Clark says:

    Look, it's very simple. Think of taxes as being like your salary and spending as being like your bills. If you are in a situation where you are having some difficulty paying your bills, what's the first thing you do? Go to your boss and ask him or her to cut your salary. It's common sense!

  6. Katie S says:

    God damn that milkmaid at 13:12 is eloquent.

  7. Emily Moss says:

    Trickle Down is wishful thinking at the street level, and a con game at the government level.

  8. BloodRider 1914 says:

    Brownback completely ruined my home state

  9. rnjbond says:

    Trickle down economics isn't a thing, no one believes in it. This video is so ill-informed

  10. Vishal Sharma says:

    the classic republican agenda

  11. Sigma Geranimo says:

    The rich got money and they keep it. they dont invest it. in a hope their saving will put their name on the Billionaire list.

  12. Adriana Adrian says:

    The problem is that politicians do not really understand when and why you need to cuts taxes and when to increase them. It is all a balancing act, in times of economic downturn you cut taxes, spending and lower interest rates in order to allow for people to gain more spending power and the economy grows. Then once the economy is strong you raise taxes to make up for the losses.

  13. Bird Green says:

    Tax cuts works, it can't be explained in a few sentences. This video is opinionated. 1 spending on schools have been increased by billions with no results. 2 lower taxes mean u get to decide where and on which services u want to spend ur money not the state. 3 Government always overspends but provides expansive and low quality services. Look it up. Like that public bathroom that costed tax payers 2 million $ in NY

  14. Kyle Jones says:

    Wealth tax now!

  15. Robert Jackson says:

    The governor never listed the annual income of each employee take hourly rate x 2000 hours = annual wage. He did not list jobs lost due to budget cuts… Schools cities counties state budgets that are 85% salary…

  16. charlie putzel says:

    I would be willing to give up half ot my income for free health-care and tuition free college.

  17. SirThyrm says:

    I am not a u.s.amarican, but I have to say something to this topic.
    Before you do something, you should investigate your motivation, your goals.

    With the creation or leading of a country it is the same.
    What is your goal ?.
    Most freedom for everyone?.
    Maximizing happiness?
    Being as fair as possible?.

    The list is long, but it needs an answer. If you have one, the answers to specific questions are easily found.

    I hope the u.s.a. finds its identity again and remembers the noble goals that once towered over every decision, but seem so long forgotten right now.
    "E pluribus unum" -> "in God we trust" as one of the more direct observable element of this evolution.

  18. chairmanofrussia says:

    Job creation is driven by demand. And some of my demand comes from public sector workers. No surprise that the economu suffers when cuts are made and public sector jobs are lost—meaning less consumers for the private sector all for tax cuts that won’t go anywhere.

  19. chairmanofrussia says:

    They want to “make america great again.” By going back to the 50s—the 50s was a great time for the economy. Guess what policy was in place to allow that?

    #LiberalFDR
    #NEWDEALBABY

  20. Jayden Townsend says:

    governor brownback, more like governor wetfart.

  21. Juanma C says:

    Tax cuts are useless if you use that money to buy a fancy new tv, aswell as state funds.
    Buying tech is what makes growth.

  22. Snoglydox says:

    Steps in the Scientific Process
     
    Step 1: Ask a question. — How does one improve the economy?
    Step 2: Do background research. –Listen to wealthy people.
    Step 3: Construct a hypothesis. –Giving money to the wealthy makes them spend more.
    Step 4: Test your hypothesis by doing an experiment. –Reduce taxes for the wealthy.
    Step 5: Analyze the data and draw a conclusion. –The economy got worse.
    Step 6: Share your results. –This video.

    The definition of insanity is doing the same thing over and over again, but expecting different results.

  23. Irvin Gomez says:

    If the governor really wanted to see stimulation in the state's economy he should've also repealed some regulations as well as privatize the money hungry socialized programs such as roads. Then the state would've boomed.

  24. Michael T Hwang says:

    Adopting the policies in Iceland would have prevented all these problems that these dumbfuct devolved creatures keep whining about. Technology can eradicate all these problems.

  25. Yngve Andersen says:

    LET THEM EAT CAKE!

  26. I Flick says:

    You pee on my leg and tell me it's raining. The pee then trickles down my leg. That's trickle down economics.

  27. Mike Esposito says:

    Supply side economics works, socialism doesn't. Stop smoking, give up cable, give up your cellphones. Stop wasting your money on video games and computer games, get off your assessment and work harder, stop crying.

  28. N M M says:

    But USA President Donald Trump's tax plan did actually work and create jobs for the american people. Just look at the latest jobs figures and the fact that companies are actually coming back to the USA. Not to mention the truth that these tax cuts are actually coupled with a more relaxed business friendly regulations.

  29. surfer dude says:

    let the parents pay for their kids school. It's not that complicated, problem solved!

  30. biggy bad boio says:

    Trickle down economics isn't even real. It's a fake narrative that the left has been pushing for years now.

  31. robert hayes says:

    I can't see why normal working people think trickle down works look at what the main word has in it Trick

  32. 80sruler says:

    I’m for tax cuts though find it amusing why anyone in Kansas thought a tax cut would attract business – why would a business want to locate there – or Nebraska, Arkansas, Missouri or any of the other 50% of unappealing states

  33. Boyd says:

    Thank you Kansas for voting for Trump and bringing your disaster nationally.

  34. sclSolitarium says:

    Gimme my god damned mortgage interest!!!!!!

  35. Time Fourty says:

    Socialism is th reason for failure. People are forced through taxes to work. Taxes are required to feed socialist ideals. People become desperate and in need. People then have to work for companies and businesses. Socialism created the problems and continues to do this as more socialist ideals come into laws. Socialism takes away from the individual making only groups of people important. Socialism gives companies power taking away the power from the individual. If socialism wasn't in play. Companies wouldn't be so big. People wouldn't be subject to government and there fore companies would treat employes better. Because companies have socialism they can pick and choose and treat workers as commodities. Great example of this is hard labor workers or the trucking industry. Taxes require people to work as does insurance because insurance is forced. Not many people alive in United States knows what it is like not to have had insurance at all in this country. Tricle down effect does not work because socialism exits.

  36. Michael Archbold says:

    Jesus. First of all, according to the CATO institute, Reaganomics was successful in 8 out of 10 key economic factors. People saying that it “failed” like to cite that it failed in decreasing the national deficit. That’s it.

    Second, I cannot take seriously an analysis on supply side economics that continuously refers to it as “trickle down theory.” That is always a red flag. It’s not supposed to “trickle down” to the poor. It’s a false narrative to vilify actual conservative economic theory. How about you people read a an actual book on the subject written by an actual economist instead of watching videos from news media outlets? Seriously, go read “Basic Economics” by Dr Thomas Sowell.

  37. TheJevardo says:

    The sad and disastrous thing is that these kids lost a lot in the time the school budgets were cut, and you can never take back that lost time in education.

  38. TheJevardo says:

    Kansas did something that California had done before: while we under Republican governments, and we’re still paying the price today.

  39. russ25052 says:

    So all this video shows is people that live off the government tit are hit hard. An that it didn't show anything to why it failed other then the government didn't get your money to waste. Only people that love taxes is politicians, the poor and those that have no drive to create something.

  40. Demonchild84 says:

    "Trickle Down Economics" isn't real. That's a made up term. You want Supply Side Economics

  41. Lyricc Master says:

    Factually and historically calculated (or estimated) tax cuts for maximum growths are better than increased taxe (edit) rates.

  42. U Haul says:

    Move 2 CT or VT then 2 get taxed 100%.

    After all, we need:
    PT teachers
    Crumbling roads
    Public worker pensions

  43. Mr. Strawmann says:

    Tax cuts saved Indiana, and increased taxes have failed to save California or Illinois' budgets. It's not always so simple as "taxes good" or "taxes bad." In Kansas' case, the cut to a 0% marginal rate for LLCs was the killing blow. Also, the term "trickle down" is a misnomer and a straw man for supply side economics. So many economic illiterates in this comment section…

  44. Michelle Rodriguez says:

    Goin down to 4 days a week is better-these kids now a days dont giv a shit anyways-so y stress …these kids r brats anyways…fukm

  45. Samuel Sweetmann says:

    When Kansas' tax revenues went down by $700M, they should have cut public education by 50% the first year and 100% the second year. Kids can home-schooled! The budget for transportation, public health and police protection should have been zeroed out as well. That sounds reasonable… make Kansas like a Midwestern version of Somalia.

  46. SATS says:

    The only myth with trickle down economics is that it is a phantom theory that was never proposed by any economist and has never been implemented in American history, the only reason this phantom theory exists is because of dumb politicians and commentators insisting someone else believes in it and criticizing them for an economic theory that is literally nonexistent.

  47. Jonathan Howard says:

    "11,000 private sector jobs were created" But then we cut to the public sector and how it's failing. Then don't use the public sector, utilize private businesses.

  48. Rko Singh says:

    Chooooo chooooo Yang train comin thru !!!!

  49. Origami and Cats says:

    Taxes are a contribution from every person or business to the operation of a government. I wish more people would take the time to consider the infrastructure and all the services they use because I think a lot of people take it for granted.

    There are countries where there are few services and many people don't pay taxes because they have nothing. The difference between having nice things and not is stark and shocking. British comedian Gina Yashere describes the experience of discovering her roots in Nigeria. It's funny but from the perspective of someone going from one of the wealthiest countries in the world to one that is much poorer but certainly not the bottom.

  50. Gray Matter says:

    This is an example of cutting taxes in the wrong areas or too much at once. What it is not, however, is proof that tax cuts = bad. High taxes are bad for everyone. High taxes affect the ultra wealthy more than anyone and those are the people that invest and create wealth. Not the guy who makes your hamburger. Even if a rich person buys something like a yacht
    People had to design and build that boat and maintain and man it etc… It creates jobs and opportunity for many people. Its pretty easy to understand.

  51. bob mar says:

    The title of the piece got it perfect. The trickle-down myth.

  52. bob mar says:

    Kansas and much of the Midwest have been experiencing a brain-drain. The smart kids go to college become qualified for better jobs in the state offers and leave. Those Left Behind are … well…

  53. Adi V says:

    Wtf is wrong with the US, I see this "bankrupted cause of medical bills" and go why?! Like wtf?! Universal healthcare is a thing, that every developed country has. You know how much I worry about being able to afford a hospital bill, I don't worry at all, cause they don't exist for me.

  54. NES Man Dan says:

    There is no such thing as trickle down economics. No economist has EVER recommended cutting taxes for the rich only – it was made up by a journalist. Do your research!!! And don’t confuse it with supply side economics.

  55. Adam Hamilton says:

    0% on passthroughs lol

    That's quite an aggressive position

  56. Pierre A Ramos Jr says:

    Keep saying, put the FAA in charge of the GDP, very few, if any crashes at all, year in year out.

  57. Caligula Augustus says:

    Keep voting Republican is the way! Trump suckered ya again in 2016, and he'll get ya again in 2020! Wake up middle america.

  58. ManuelPinner says:

    This is Why We Must Vote Out All these Republican Traitors Out of Washington this Upcoming Presidential Elections because They are Killing this Country!

  59. ManuelPinner says:

    This is Why These Republican Run States and Poor! New York have Rase Taxes on the Billionaires and We have the Best Economy, Also New York City have the Lowest Crime Rate,

  60. Lesbian Amazon Sister says:

    We have people in our government who understand that “trickle down” absolutely does NOT work
    https://youtu.be/9kEaBzio32Y

  61. T Young says:

    Another Atlantic "Hit Piece" It is Propaganda…. You don't even have to see this one if you have bothered to look down the right side of your screen. If you are even halfway intelligent you can "see" their "Agenda" by the titles of their various videos. The Atlantic is funded by foreign Globalists who want America to fail. They have been working toward their goal for some time now. They never thought Hillary would lose. Now they are getting exposed for who and what they are because we actually have a President who cares about this country. It may be a struggle for some to adjust to going through the withdrawals of not living in a totally corrupt world, but you will survive and you and the country will have a much healthier, happier life in the long run.

  62. FlankyFrankie says:

    After 40 years of trickle-down insanity, we are stuck with TWENTY++++ TRILLION dollars of DEBT. That is money the rich individuals and corporations should have been paying all along but now the middle class of America is stuck with. Libertarians love to say "taxation is theft", but that is false. NOT taxation is the real theft! Because that debt does not go away and the REAL taxpayers in the middle are the ones stuck with it.

  63. Marco says:

    No it didn't. It worked just fine for the 1%

  64. Sammy Sam says:

    Tax cuts on the 1% does not create more job. Look at the companies who got a Trump tax cut and you'll see the majority of companies laid off workers and some closed facilities all together.
    Raising taxes has been proven to boost the economy.
    When the middle and poor class are given the majority of taxes to pay, have less to spend to boost the economy.

  65. John Maddin says:

    Trickle down economics has been tried by far right governments under different names many times and the end result has always been the same, the rich get richer and the cost is less revenue being raised to pay for education be it primary schools, colleges or universities, less money raised means cuts to the police, fire brigade, park rangers, museums, roadworks, bridges and general repairs and the list goes on and to cover these shortfalls you have to cut or borrow or both so any savings soon get spent then the debt begins to grow that you but especially your children and grandchildren will be left to deal with. If your rich you can afford to travel by helicopter and jet, you can afford the best private school and university for your children, your homes are high tech and the wealthy areas are always the best located for all services and amenities, they never build chemical factories near affluent areas do they.

  66. jm 91 says:

    Who else thought that it was the red parrots asking "what do taxes do for me"?

  67. Dawn Bringer says:

    When Republicans call Democrats economically incompetent remember this. keep this documentary in your mind. They are projecting!!!

  68. dumbo7429 says:

    Its other compliance costs that discourage hireing..eg insurance etc those are the real revenue streams to govt. Also basic cost to workers of working eg travel and daycare.

  69. dumbo7429 says:

    Trickle down didnt work during Thatcher Reagan govts..nothings changed.

  70. Shahab Mos says:

    wow so many socialists live in usa .
    i am from iran ,will you let me replace you in us ?

  71. Kim K says:

    Concerned that they knew damn well trickle-down didn't work when they implemented it. They're all just going for the biggest hordes they can get

  72. Terry Quinn says:

    Trickle, trickle, who wants a trickle. A trickle is like a elderly man with a prostate issue who can barely piss, I want a steady flow not a trickle of anything! Screw Brownback, crook!

  73. Zeupater says:

    It’s not difficult. Taxes are on profits, not on expenses. You don’t need a tax cut to reinvest and take the write off. All cutting taxes does is use the government to benefit corporate bottom lines. That’s another way of saying bribery and corruption.

  74. Layla's Wonderland says:

    🖕 thanks Trump 🖕

  75. lasserbream says:

    Just INSANE!!!

  76. midgetydeath says:

    Trump and conservative tax cuts are for businesses but are not blanket cuts. They are contingent on the businesses meeting requirements. The more people the businesses hire, the less of some taxes they pay. Though, not all types of businesses are included. It obviously does work as the US’s economy is the strongest and unemployment at the lowest since 1969.

    The claim of this video and others about Kansas are extremely misleading. They want you to think that showing tax cuts for the rich does not cause growth proves Trump and conservative economics wrong. But those economics say to cut taxes for businesses, not the rich and his cuts are not just a blanket cut, there are requirements to meet to get the cuts. The videos want you to connect “business” and “rich” so that you imagine them as the same or mutually inclusive. They are not. Tax cuts for businesses that are not no strings attached means the only way to profit from those cuts is to invest in the business. Tax cuts for a tax bracket just means you pocket the difference. The former increases business, the latter increases buying power.

    Kansas tried trickle down which has been disproven for years and it predictably failed. Stop pretending tax cuts for people somehow shows tax cuts for businesses is a bad idea. Businesses don’t drive up to McDonalds or something. Businesses are not people and making a “taxes reduced if you do X” works great. It is a carrot and the stick is your competitors overtaking you by taking advantage of the cuts by accepting the requirements if you don’t do so, too.

  77. Aethel Yfel says:

    20 percent of my income is wasted on free gives and wars the state is incapable of winning. Why do you want to give the government more money to fail more?
    Did you just see how people have been moving to low tax states?

  78. Aethel Yfel says:

    If public schools are so great then why do you have to force other people to pay for it?

  79. TheBigGSN5 says:

    Taxes pay for civilization. If you don't pay tax, how do you pay for civilization? Do you WANT to be a corporate slave?

  80. thomas omalley says:

    This is the worst documentary on youtube…

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