The Folly of State-Level Tax Cuts

"They’ve tried the supply-side model pushed by Reagan economist Arthur Laffer, who said cutting taxes could help spur job growth and spending to such a degree that revenue would not be significantly affected. They’ve found that this theory has not played out, and that although the recession is over, they’re still cash-flow negative." Gee. Voodoo still does not work.
See: http://ift.tt/1Ui6k2i Cross-posted from Facebook via IFTTT