Laffer pushing tax cut in Oklahoma, too

Supply-side economist Arthur Laffer, who was paid $75,000 to consult on Gov. Sam Brownback’s tax-cut plan, also is behind a proposal in Oklahoma to switch to a 2.25 percent flat tax starting in 2013. The plan then would reduce income taxes an additional 0.25 percentage points each year until the tax is fully repealed in 2022. The free-market group Americans for Prosperity is cheering the Oklahoma plan, saying “Oklahoma legislators are leading the way by putting this aggressive pro-growth proposal on the table.” But others think the idea is nuts. Alexander Holmes, chairman of the economics department at the University of Oklahoma, noted that income taxes account for about one-third of Oklahoma’s budget (it’s about 50 percent in Kansas). “I think, frankly, it’s willful ignorance for somebody to propose abolishing personal income tax,” he said.