The headline of Investor’s Business Daily is pretty straightforward, “It’s Official: Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves.”
“The CBO [Congressional Budget Office] now expects GDP to be $6.1 trillion bigger by 2027 than it did before the tax cuts,” the article continues. “The CBO report also makes clear that this faster-growing economy will offset most of the costs of the Trump tax cuts.”
This should not have surprised anyone. The Reagan tax cuts and the Kennedy tax cuts before that had a similar effect upon the economy. The media chose to ignore real history and focus instead on the politically-driven narrative it had created for the Kansas tax experiment.
Ignoring the failure of the Kansas legislature to rein in spending and the ill-timed slump in the state’s two key industries, energy and agriculture, the media chose to blame the Kansas budget imbalance on tax cutting. The media did so in one shockingly clichéd, repetitive voice without any hint of embarrassment at their lack of originality.
Forgotten? A quick review of headlines from not too long ago shows how this silly trope bounded from coast to coast and across the seas:
The Atlantic, October 2017: “Kansas Warns Congress Not to Repeat Its Tax-Cut Mistake.”
NPR, September 2017: “Trump’s Tax Plan Has Echoes Of The Kansas Tax Cut Experiment.”
New York Times, September 2017: “Kansas Tried a Tax Plan Similar to Trump’s. It Failed.”
Kansas City Star, January 2018: “Trump’s policies are a rehash of Brownback’s Kansas failures.”
The Guardian, December 2017: “Kansas’s ravaged economy a cautionary tale as Trump plans huge tax cut.”
NBC, October 2017: “The GOP Tried Trump-Style Tax Cuts in Kansas. What a Mess.”
Slate, November 2017: “Republicans are about to repeat Kansas’ tax cut disaster.”
MSNBC, November 2017: “GOP refuses to learn the lessons of Kansas’ failed tax experiment.”
National Catholic Reporter, December 2017: “Don’t let Trump, Republicans create a national Kansas tax disaster.”
It would be refreshing if one of the literally hundreds of authors of such stories revisited their article and updated it a tad. Given the general state of the American media, that is not likely to happen.