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Posted inEconomy, News

Risky tax cuts largely benefit the wealthy, do little for middle class or the economy

As Nebraska lawmakers consider the use of “revenue triggers” to enact income tax cuts, Oklahoma serves as a cautionary tale of what happens when states use these mechanisms to put the state’s finances on autopilot. In 2016, a revenue trigger sparked an income tax cut in Oklahoma just as oil prices plummeted. Lawmakers were unable […]