Barry Ritholtz, Columnist

Supply-Side Doom in Kansas

Cutting taxes is often sold as a way to stimulate the economy at little or no cost to government revenue. It doesn't work.

April 17, 2015 at 4:15 PM UTC

By Barry Ritholtz

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Was it worth it?
Photographer: Saul Loeb/AFP/Getty Images

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Every year, right after the April 15 tax deadline, the U.S. Census releases its data on the prior year’s state tax collections. It is a fascinating document, filled with great data points for tax and policy wonks. It reveals a good deal about the state of local economies, economic trends and results of specific policies. In broad terms, the financial fortunes of the states are improving.

A quick excerpt: