We’ve seen this scenario played out before. Republicans cut some taxes and the economy goes into the toilet soon after with the state having reduced its ability to fund programs that people rely on during economic downturns, especially lower-income Missourians.

The national economy isn’t in the toilet (yet, perhaps), but Congress has approved President Trump’s budget that will harm thousands of Missourians.  At the same time, Governor Kehoe is thinking about signing the bill eliminating some taxes that will produce revenues.

He already has vetoed hundreds of millions of dollars from the budget approved by the legislature, citing concerns about state finances in the fiscal year that is  newly underway.

We must be missing something. This doesn’t seem to add up to us. On one hand, there is concern that the state can afford the things the legislature approved and on the other hand there’s—

Wait a minute.

Aren’t we on the same hand?

Finger one: Cut the budget because of uncertainty of state finances, much of it caused by federal cuts in some important programs.

Finger two: Cut Missouri taxes to reduce total revenues even more?

One estimate is that the tax cuts reduce program funding by about a half-billion dollars at a time when not-so-beautiful bill in Washington eliminates a lot of federal money coming here.

To be sure, there are some good things in the bill he plans to sign.  A capital gains tax reduction will be welcomed by many who have capital gains but that’s one reason the liberal-leaning Missouri Budget Project isn’t a fan of the bill.   The MBP says five percent of Missouri taxpayers will get eighty percent of the benefits.

But it’s not all for the high-rollers. The Circuit Breaker property tax program will increase the income levels of people eligible for it, a change that will affect almost 200,000 households. The state sales tax is being lifted for diapers and women’s hygiene products. And there are some other things the MBP admits are badly-needed.

The conventional Republican wisdom is that if you reduce taxes, the infusion of those moneys into the general economy will generate more revenues to offset the taxes. We can’t say that we have noticed significant improvements in the economy when the legislature reduces Missourians’ taxes.

We are in sympathy with the stated reasons for lowering these taxes but we wonder if freezes are more protective of the overall well-being of state services than cuts at this time.

For more than fifty years we have listened to all kinds of people complain about the lack of money for schools, health and mental health, prisons, law enforcement, housing, nutrition and a host of other issues.  This scenario is kind of like the old saying, “Everybody talks about the weather but nobody does anything about it” except the talk about taxes also includes doing something about them.

Sometimes though, it is best to heed the phrase-altered advice, “Don’t just do something. Sit there.”

To be honest, we admit having no grasp of the subtlety of economics that one probably needs to understand the rationale for these cuts.  We only took one economics course in college. Everything else we know about the economy is reflected in our utility bills and grocery prices. And in our taxes.

Jim Mathewson, who served in the legislature from Sedalia and was the President Pro Tem of the Senate for eight years, a record that will never be broken in this unfortunate era of term limits, said several times, “People don’t remember that you cut their taxes. But they sure remember when you raise them.”

It’s a nice bill today but the people who remember it are the ones who won’t benefit, especially those hit with the federal cuts.  One thing we’ll watch is to see whether there’s a political fallout in state politics that will be anywhere the fallout being predicted at the national level.