and I’ll tell you who you are–so the old saying goes. By that measure, Mike Huckabee is an unlikely up-and-comer in the Republican presidential primary. Bob Novak’s column calling Governor Huckabee a ‘false conservative‘ has attracted a great deal of attention today. Less noticed is this complimentary piece about Huckabee’s economic record:
Huckabee claims to have cut taxes “almost 94 times” while Governor. (An odd construction, but whatever.) He adds that he saved “the people of Arkansas almost $380 million.” That’s true. Huckabee cut taxes 90 times from 1997 to 2005, reducing state revenues by $378 million. But Huckabee also presided over 21 tax increases, none of which he mentions on the stump. And those tax increases totaled much more than $378 million. According to the Arkansas Department of Finance and Administration, the “net tax increase under Huckabee’s tenure was an estimated $505.1 million,” adjusted for inflation. Spending did go up under the Huckabee regime-the state budget was $10.4 billion in his first year as Governor (again, adjusted for inflation), while it was $15.6 billion in 2006. So he is, technically, a tax-and-spender. But Huckabee balanced the Arkansas state budget every year he was governor (balancing the budget is a requirement under Arkansas state law) and in the end, Huckabee had a positive effect on the state ledger: He faced a $200 million deficit in 2002, but ended his term with a $844.5 million surplus. That’s a billion dollar turnaround, taxing-and-spending be damned.
Where does this complimentary review come from? Mother Jones.
