Before Trump finishes his tax plan, he might want to go to Kansas
|05/13/2017||Posted by BusinessMediaguide.Com under General World News||
President Trump’s tax plan doesn’t have a lot of details yet, but Treasury Secretary Steven Mnuchin gave us one big clue: a proposed 15% business tax rate, a big drop from the current 35%.
But ask some Kansans and you’ll learn how that kind of tax cut can have some serious unintended consequences.
In 2013, as part of the state’s largest-ever tax cuts, Kansas slashed its business tax rate down to 0%. It was supposed to spur economic growth. After all, if businesses have more money in hand, they can theoretically hire more people and invest in making new read more >>>