Chicago Magazine: What Can Illinois Learn from Other States’ Budget Disasters

In 2012, Kansas would go on to enact tax cuts that the Institute on Taxation and Economic Policy called ”among the largest” enacted by any state. Under the leadership of recently elected Governor Sam Brownback, the state dropped the top income tax rate by one-fourth, nixed taxes on “pass through” business profits (business profits passed directly to the owners), and then in 2013 slashed income tax rates again. Brownback promised the cuts would “create tens of thousands of new jobs” and “make Kansas the best place in America to start and grow a small business.” Read more