Budget & Tax , Health Care
Jonathan Small | June 30, 2020
We won't stop
Here come the tax increases. Today, California labor unions swooped in and convinced barely half of Oklahoma's voters to put the last optional piece of Nancy Pelosi’s Obamacare scheme into our state’s Constitution.
Now begins the buildup to the unrelenting pressure lawmakers at the Oklahoma Capitol will soon face to impose higher taxes yet again on their constituents back home. Obamacare’s Medicaid expansion will cost our state up to $374 million extra each year, just to get those almighty federal dollars with Speaker Pelosi’s strings attached.
With oil prices still depressed and the response to Covid-19 continuing to wreak economic havoc, it’s easy to anticipate next year another billion-dollar budget shortfall for state government, which Medicaid expansion will only worsen.
It will be all but impossible for state lawmakers to cover that gap without cutting other services, like public education and road maintenance, or raising taxes. Just two years ago, facing a similar shortfall, the Legislature banded together in a bipartisan fashion to pass the largest package of tax increases in state history. Here we go again.
If Oklahoma taxpayers don’t want to endure another shakedown in 2021, we need to start communicating to our legislators immediately that tax increases are unacceptable. OCPA won't stop fighting for Oklahoma taxpayers. Be on the look out in the coming days to join the fight to refuse tax increases.
Jonathan Small, C.P.A., serves as President and joined the staff in December of 2010. Previously, Jonathan served as a budget analyst for the Oklahoma Office of State Finance, as a fiscal policy analyst and research analyst for the Oklahoma House of Representatives, and as director of government affairs for the Oklahoma Insurance Department. Small’s work includes co-authoring “Economics 101” with Dr. Arthur Laffer and Dr. Wayne Winegarden, and his policy expertise has been referenced by The Oklahoman, the Tulsa World, National Review, the L.A. Times, The Hill, the Wall Street Journal and the Huffington Post. His weekly column “Free Market Friday” is published by the Journal Record and syndicated in 27 markets. A recipient of the American Legislative Exchange Council’s prestigious Private Sector Member of the Year award, Small is nationally recognized for his work to promote free markets, limited government and innovative public policy reforms. Jonathan holds a B.A. in Accounting from the University of Central Oklahoma and is a Certified Public Accountant.