Betsy McCaughey's Tax Cut Plan: Risky or Rewarding?

0:00GOP gubernatorial hopeful Betsy McCaukey is pushing to wipe out Connecticut's income tax entirely, saying it could lure businesses and boost growth. Like in no tax states such as Texas and Florida, she's eyeing models from places like Oklahoma and Kentucky where they rode out phase cuts tied to revenue triggers, think budget surpluses. Before, deeper slashes, Oklahoma tried this before, cutting taxes in 2012 and 2016, but backed off when money got tight. Economists are pushing back hard, with Yukon's Fred Carstensen calling it a move to make taxes even more regressive, hitting lower income folks via higher sales taxes. He says her cited studies on federal cuts, don't apply to states at all. McCaukey fires back, pointing to White House reports and research showing income taxes sway corporate relocations big time, arguing cuts here would, spark real economic fire. As Connecticut weighs this bold play amid national trends, the debate heats up on whether

1:01triggers can deliver without deficits or if it's just A. Risky rhyme that won't scan, that's your heart for news today update, AI powered and always on.