Friday, May 2, 2014

If Sam Brownback thinks Obama's tax policies clobbered Kansas' April revenues, why didn't it affect Missouri?

Posted By on Fri, May 2, 2014 at 3:10 PM

click to enlarge Sam-Brownback.jpg
Kansas Gov. Sam Brownback dropped a real head scratcher earlier this week when he foisted blame for the state's astonishingly disappointing revenue report upon President Barack Obama's capital gains tax policy.

The statement came after the April revenue report showed that Kansas' checking account was $92 million short of what state bean counters thought tax collections would fetch for the month. Looking further out, Kansas has $480 million less at this point during the current year than the same time period a year ago.

If we took Brownback at his word that Obama's tax policies were throttling Kansas, then we figured that the same effect must imperil Missouri's finances, too.

Except it's not.

Missouri's revenue numbers came in on Friday. Revenues in the Show-Me State increased over last year's pace, by half of 1 percent. It's not a big increase, but it's still better than missing the boat by $92 million.

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