Pages

Saturday, May 16, 2015

I Hardly Think You Can Blame This On The Koch Brothers -- May 16, 2015

Ecowatch is reporting:
Throughout the last two decades state after state has passed renewable energy standards, often with big bipartisan majorities, as investment in technologies like wind and solar held great promise for economic growth and job creation in addition to cutting greenhouse gas emissions that drive climate change and decreasing air pollution.
But in the last few years, pressed by fossil fuel businesses such as Koch Industries and advocacy groups funded by the Koch brothers, including Americans for Prosperity and the American Legislative Exchange Counsel (ALEC), bills have been introduced in state after state to repeal these standards. And in a few states, such as Ohio and West Virginia, they’ve succeeded.
Now Kansas is following in their footsteps. This week the legislature voted to repeal its mandatory renewable portfolio standard (RPS), passed in 2009, and replace it with a voluntary standard. It passed overwhelming, 105-16 in the Kansas House and 35-3 in its Senate.
The legislation is now headed for Gov. Sam Brownback’s desk, and he’s certain to sign it, given that it was unveiled at a press conference last week held by Gov. Brownback and legislative leaders at which he said it “further solidifies and stabilizes the policy environment so that investment can continue in Kansas.” The Wichita Eagle noted that Mike Morgan, a lobbyist for Kansas-based Koch Industries, was also present at the news conference.
It will be interesting to see how the economy of Kansas does over the next decade.

A much better source, The Wall Street Journal had another interesting story about Kansas. In addition to going "voluntary" on renewable energy, the state is also cutting unemployment numbers by cutting taxes: Unemployment has dropped to 4.2% from 5.5% in 2013, and wages and job growth are steadily climbing.
“If your objective is to grow the economy, would you rather put more money into government, or leave it in the hands of small business?” Mr. Brownback asks during a recent interview in his office at the state capitol.
Three years ago Kansas enacted the biggest tax cut of any state, relative to the size of its economy, in recent history. Lawmakers reduced the top rate on the personal income tax to 4.9% from 6.45%.
They also eliminated the income tax for small business owners who file as individuals, a broad group that includes sole proprietors, limited liability partnerships and S-corporations.
The governor declared that Kansas was “open for business” in such strong terms that he might as well have donned a sandwich board reading “Come to Kansas / Keep Everything You Earn.” He boasted: “Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy.”

1 comment:

  1. Kansas raising sales to to offset income tax. Hardly a tax "cut".

    ReplyDelete

Note: Only a member of this blog may post a comment.