“During this time, the very same politicians who claimed that you could eliminate the income tax without raising other taxes or cutting services have lost faith in the supposedly magical powers of tax cuts. They have come to accept that one-sided fiscal policies have contributed to a growing structural budget deficit and an unsustainable reliance on non-recurring revenues.”
-OK Policy Executive Director David Blatt, discussing how Oklahoma Republican lawmakers’ approach to tax policy has changed over the last six years. [Journal Record]