July 15, 2016

What Media Should Know About Trump’s Reported VP Pick, Indiana Gov. Mike Pence

http://mediamatters.org/research/2016/07/14/what-media-should-know-about-trump-s-reported-vp-pick-indiana-gov-mike-pence/211528
"Pence Signed Tax Cuts For Corporations, High-Income Individuals That Already Failed In Other Red States. In March 2014, Pence followed the lead of other Republican governors around the country by passing a package of supply-side corporate and income tax cuts that he claimed would increase business activity and economic growth in the state. Similar trickle-down economic models “collapsed” after being implemented by Govs. Sam Brownback (R-KS) and Bobby Jindal (R-LA) and failed to produce discernible results for Gov. John Kasich in neighboring Ohio. As was the case in Ohio and elsewhere, Pence’s tax cuts effectively redistributed the state’s tax burden onto local governments that were stripped of nearly $1 billion in annual revenue. An additional manufacturing tax cut pushed by the governor in 2015 was projected to cost the state between $35 million and $240 million annually."