Kansan who carefully followed the tax cut debate in Washington are elated. The vast majority of Americans are getting to keep more of their own money for the first time in three decades. It’s not quite the magic and wonder of Christmas, but raising an egg nog toast wouldn’t be uncouth.
Even the Soros-funded Tax Policy Center admits that 80 percent of Americans will see a reduction in their taxes in 2019 thanks to federal tax reform, and individuals keeping their own money makes the editorial writers at the Topeka Capital Journal.
An aptly-timed Christmas editorial in the Topeka daily bemoans, “Every member of the Kansas congressional delegation just voted for a colossal tax bill that will cost the federal government a projected $1.4 trillion over the next decade. ”
Has the Topeka Capital-Journal ever published an editorial even remotely in favor of the free market and individual freedom? Asking for Sentinel’s friends.
Writing as the Grinch Who Stole Christmas, the editorial writers appear to have a deep misunderstanding of where the federal government gets its money. The suggestion that people keeping their own money–rather than sending it to Washington to be laundered and redistributed–isn’t a “cost.”
Cap-J editors have suddenly found a concern about the federal deficit. Static analysis of the tax bill suggest the U.S. will be $1.4 trillion short in 10 years, the CJ reports breathlessly in the opening of its missive. The paper’s editors couldn’t be bothered to pen a word opposed to deficit spending as the federal deficit doubled between 2009 and today.
The Scrooges at the Cap-J direct their angry scribblings in Congresswoman Lynn Jenkins’ direction. Jenkins, they write, can “speak for herself” when she said the status quo tax policy wasn’t working for Kansas. The writers whine that Kansans elected “moderate lawmakers last year on their explicit promise to abandon delusional supply-side fantasy.”
Speaking of fantasy, it’s difficult to find any political literature from the 2016 legislative campaigns in Kansas in which the so-called “moderates” campaigned on raising taxes on everything that moves in the Sunflower State. Instead, there are campaign pieces suggesting that those who own LLC businesses should pay their fair share. Here’s a quick reminder of who actually received tax hikes retroactively: Every individual in Kansas with taxable earnings more than $5,000. The editors at the Cap-J might call those folks, “the rich.”
Meanwhile, the Topeka editorial board–which includes lobbyists, by the way–completely ignores that Jenkins was re-elected to Congress during the very same election that saw many of the Cap-J’s beloved “moderates” elevated to state office. Jenkins, it should be noted, received 180,000 votes, while the highest vote-getter in the Kansas Senate earned only 26,000. To suggest that the “mods” in the Kansas Legislature speak more for Kansans than the state’s Congressional delegation is a ridiculous notion.
As it’s been doing now for years, the Cap-J trots out some mischaracterizations about the tax bill, and throws in a side of envy as well.
“The bill’s primary purpose is to reduce taxes for corporations and the wealthiest Americans,” the editorial stomps.
America is about to be competitive again–the nation’s corporate tax rate was one of the highest in the industrialized world–thanks to a dramatic reduction in the corporate tax rate. And it’s accurate to say that some of the income tax rates expire in outer years, Congress has every opportunity to extend the cuts when the time comes. If the Cap J is so worried about the deficit, shouldn’t the editors be thrilled there’s an end in sight?
Most Kansas families are going to rejoice when they realize their paychecks just got larger. Several corporations put bonuses in their employees’ stockings thanks to tax reform, and others, like Kansas mega-employer Boeing, are promising an uptick in charitable giving, higher employee wages, and workforce development.
The Topeka Capital-Journal’s abject tribalism disallows seeing any silver linings in anything Kansas’ all-Republican Congressional delegation does. It’s too bad the editorial board has taken the role of Henry F. Potter this Christmas. Most Kansans won’t be fooled by it. It’s a wonderful life.