By 2019, research documented the cumulative impact of ALEC’s systematic corporate tax-cutting campaign: the effective state and local tax rate on corporate profits had declined from 5.9% in 1989 to 3.9% in 2019—a 33% reduction representing the successful culmination of three decades of …
American Legislative Exchange Council (ALEC)State LegislaturesCorporate LobbyGood Jobs FirstEconomic Policy Institute+1 morealeccorporate-corruptiontax-policyrace-to-bottomfiscal-crisis+5 more
On June 6, 2017, the Republican-controlled Kansas legislature voted to override Governor Sam Brownback’s veto and repeal the massive tax cuts enacted in May 2012, marking one of the most decisive rejections of supply-side economics in modern American history. The veto override passed with …
Sam BrownbackKansas LegislatureArthur LafferAmerican Legislative Exchange Council (ALEC)Kansas Republican Party+1 morekansastax-policysupply-side-economicsalecfiscal-crisis+7 more
On May 22, 2012, Kansas Governor Sam Brownback signed Senate Bill Substitute HB 2117, implementing what became known as the ‘Kansas experiment’—the most aggressive implementation of ALEC’s corporate tax-cutting agenda ever attempted by a U.S. state. The legislation eliminated state …
Sam BrownbackArthur LafferAmerican Legislative Exchange Council (ALEC)Kansas LegislatureKoch Industriesaleccorporate-corruptiontax-policykansassupply-side-economics+5 more