Lee Ohanian: Blue State, Red Ink

California’s current fiscal plight – a record $54.3 billion dollar budget deficit for this year and next – raises the question of how much the coronavirus is to blame. Lee Ohanian, a Hoover Institution senior fellow and a weekly contributor to Hoover’s “California On Your Mind” web channel, discusses the poor tax and fiscal choices that are partially responsible for the Golden State finding itself awash in red ink.

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