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Kansas

In reply to the discussion: Brownbutts "experiment" [View all]

rurallib

(63,922 posts)
5. They put "triggers" in the bill so that a second wave of tax cuts won't kick in
Tue Jul 3, 2018, 03:25 PM
Jul 2018

if growth is below some mark. I can't recall the details, but I do remember that the growth marks were pretty low, so phase 2 is almost guaranteed.

The last 2 years under Repub control we have come up some $200 million or more short cumulative. Their answer was 1) take a machete to schools etc and 2) enact these "pro-growth" humongous tax cuts.

So the difference is we have a huge tax cut up front, but supposed triggers not to do phase 2.

Phase 1 should kill a lot of our revenues, but we also have some other bugaboos in the system now called retaliatory tariffs on what Iowa does most of - soybeans, corn and hogs. We are very much of a monoculture these days. Add in that Scotty the thief Pruitt is effing us over on ethanol and thus depressing that market and we have a state headed for the crapper.

So the answer is triggers and that will save Iowa.
Me? I see one room school houses making a huge comeback as buildings sit idle.

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