After Kansas Gov. Sam Brownback narrowly won re-election in November, University of Missouri political scientist Peverill Squire warned that the Republican’s close call could have a chilling effect on tax cutting.
“It will probably give a lot of Republicans nationwide pause,” Squire told The Star after Brownback won Nov. 4 with just 49.8 percent of the vote. “It’s not that they don’t want to push the same conservative policies, but they might not want to take them to an extreme.”
Now, true to Squire’s prediction, Politico said Friday that Republican-led states are getting nervous about tax cuts. It’s being called the “Brownback effect.”
Kansas, after exhausting its reserve funds, faces more than $700 million in budget cuts as a result of plummeting revenues brought on by Brownback-supported income tax cuts enacted in 2012 and 2013.
“It’s a cautionary tale on a national scale,” Brandt Hershman, the Indiana Senate majority leader, told Politico. “Many of us felt that (Kansas) had been too aggressive.”
Hershman, the tax committee chairman, continued: “We all like low taxes … but we have to ensure the stability of a revenue stream to provide basic services that our citizens expect.”