STATEMENT: Latest tax plan is desperate effort that hasn't been thought through

Oklahoma Policy Institute released the following statement in response to the newest tax cut plan from the House:

The latest House plan (details here) is a nakedly political effort to pass anything that can be called a tax cut, even if it hasn’t been thought through. It would determine the next ten years of tax policy with a bill thrown together during the last hours of session. It runs counter to statements by numerous elected officials and business and community leaders who say that putting the tax system on auto-pilot through triggers is irresponsible and unwise. It contradicts the principled stand taken earlier in the session that any tax plan must be paid for. It also goes against the wishes of large majorities of Oklahomans who have said that they do not want to trade funding for education and other core services for tax cuts. We need to take time to develop the right tax policy, not play political games with Oklahoma’s future.

For more on why triggers are bad policy, see here, here, and here.