“During the last boom, we undercut the state’s most important general tax, the personal income tax, under the false premise that a series of tiny cuts there would lead to prosperity. It didn’t, and in the following bust, we had no petroleum revenue and insufficient income tax revenue to do the things the government is supposed to do. We all remember what followed.”
The post Quote of the Day | June 14, 2019 appeared first on Oklahoma Policy Institute.
https://ift.tt/eA8V8J
from:
via Oklahoma Policy Institute
okpolicyinst
