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.
On this installment of StudioTulsa, we speak by phone with Matthew Yglesias, one of the nation's most widely-read political bloggers and columnists. Yglesias is a business and economics correspondent for Slate in Washington, DC, where he writes the Moneybox blog. He was previously a fellow at the Center for American Progress, an associate editor at The Atlantic, and a staff writer for the American Prospect.
The second regular session of the 53rd Oklahoma Legislature (2011-2012) was recently adjourned. (The state legislature will convene for its first regular session of the 54th Oklahoma Legislature [2013-2014] on January 8th, 2013.) With the session now over, many citizens are wondering why the legislature DIDN'T adopt a tax-cut plan. Wasn't this the oft-repeated aim of the GOP-controlled House, Senate, and Governor's Mansion?