A Discussion of Both Tax-Cut Plans Now on the Table in the Oklahoma State Legislature
While the debate in Washington, amid these dreaded days of "sequestration," is about whether to increase revenues or cut spending --- or somehow achieve a compromise that does both --- here in Oklahoma, the state legislature is (once again) looking to reduce tax revenues. This comes despite the fact that our state currently has a number of extremely pressing needs vis a vis education, DHS, corrections, and infrastructure --- as well as, of course, the long-term and likewise urgent problem of pension liabilities. There are, as of now, two plans under consideration at the State Capitol; on the one hand, there's Governor Mary Fallin's proposal, which is basically reflected in the State House, and on the other, there's the plan put forth by the Senate. On this edition of our show, we are discussing both proposals. Our guest the financial/policy analyst David Blatt, who's also the executive director of the Oklahoma Policy Institute, a non-partisan, non-profit think-tank concerned with statewide policies and politics. Blatt's organization is opposed to both of these tax-cut plans, and on today's StudioTulsa we learn why.