Tuesday, June 9, 2020

Despite record-high revenues, some lawmakers sought tax hikes

It is a basic principle that the more you tax something the less of it you get. So, taxing a person’s income disincentivizes work.


During the state’s last recession, income tax cuts were repeatedly cited as the reason for the state’s shortfalls.

(Feed generated with FetchRSS)

from Oklahoma Council of Public Affairs Despite record-high revenues, some lawmakers sought tax hikes