House Passes Bill to Use Legacy Fund to Replace the Income Tax, Democrats Incorrectly Say It Will Make State More Reliant on Oil Taxes

Not so long ago I interviewed Rep. Craig Headland for Plain Talk about his bill to use Legacy Fund earnings to replace the personal and corporate income taxes. Here’s the audio: The bill, HB1530, would transfer Legacy Fund earnings into an income tax reduction fund. Over time that fund would be used to replace income...