Taxes

Closing budget deficits is not always the optimal fiscal policy in the short term  or the medium term. Instead, budgets should simply be seen as a tool with which to boost living standards. Sometimes policy needs to move the budget toward a deficit to achieve this; at other times, the budget needs to be moved closer to a balance or surplus.

Reducing budget deficits is too often presented as a key budgetary challenge. Defining fiscal policy this way in the present economic environment, however, is simply bad economic analysis. Instead, the most pressing economic task should be viewed as finally securing a durable return to genuine full employment.

Publications

The Cost of Admission: Higher Education in Kansas

  • February 1, 2013
  • Staff Report

After years of declining state investment in higher education due to failed tax policy, Kansas college students incur higher debt and reduced economic prospects.

In the past, college was the ticket to a bright future. Each year of education after high school increases earning potential and opens the door to more stable, rewarding careers. Furthermore, education
beyond high school increases opportunity and cultivates a skilled workforce vital to a thriving Kansas economy, making the state more attractive to businesses and families.