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.
Some are dismayed no tax cuts passed the Oklahoma legislature, others are pleased. It’s a battle that will continue in the next session. Count among those pleased with the failure of tax cuts this year, David Blatt with the Oklahoma Policy Institute think tank. He says there must be a much broader debate on tax reform that doesn’t just start with the premise there must be tax cuts.