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Senate Republican leadership unveiled legislation June 22 that would repeal most Affordable Care Act taxes while retaining some popular ACA provisions, but the odds of the bill’s passage were unclear after several Republican senators said they couldn’t support the bill without further changes.
The great supply-side experiment is over. After years of cratering revenues and hard choices about spending cuts, the Republican-controlled Legislature has pulled the plug on Republican Gov. Sam Brownback’s 2012 tax program. Both the Kansas House and Senate overrode Brownback’s veto June 6 by wide majorities. Already commentators are rushing to declare all tax cuts obsolete as a result of Kansas’s experience, but that would be a gross overreaction to what actually happened.