What we can learn from the Kansas tax cut experiment
Clip: 12/07/2017 | 10m 2s | Video has closed captioning.
Four years ago, businesses in Kansas went from paying over 6 percent taxes to paying nothing at all, as part of a Republican experiment to boost the limp state economy. But when the massive drop in tax revenue destabilized the economy lawmakers started slashing the budget and social programs and underfunding schools. Economics correspondent Paul Solman reports on what happened next.
Problems Playing Video? | Closed Captioning