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1992-08-28
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NATION, Page 31American NotesREFERENDUMSTaxing Debate
Even as the Supreme Court was approving California's term
limits last week, voters in Oklahoma drastically curbed the
powers of their elected representatives. By a vote of 56% to
44%, Oklahomans backed a ballot initiative that would require
a three-fourths legislative majority for all laws that raise
revenue, excluding property taxes. Bills falling short of that
majority would have to be approved by popular vote at the next
regular election, virtually ensuring that future tax hikes will
be few and far between.
"It is a shot that will be heard around the U.S.," says
Dan Brown, head of the state's anti-tax forces. "We have set
standards for other states to aspire to." But critics,
particularly in the business community, say the measure will
cripple economic development. The most likely result will be a
rise in property taxes.