Politics | February 25, 2011 | 10 comments

Massive Budget Shortfall Triggers Tax Cut in Oklahoma

source: http://www.fallinfail.com/post/3503016458/another-fallinfail-tulsa-world-budget-hole-doesnt

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sarahkatheryn
Source: http://www.fallinfail.com/post/3503016458/another-fallinfail-tulsa-world-budget-...

I think this title should be changed to Budget Hoe Doesn’t Prevent Income Tax Rate Cut… but that’s just me.

Told you so…. (emphasis below is mine)

“Gov. Mary Fallin, whose budget calls for agency cuts of up to 5 percent in fiscal 2012, argues that reduction of the tax rate yet again is a logical extension of the message taxpayers sent in the November election. She claims that the mandated reduction will stimulate the economy and make the state more business friendly and more competitive with other states. Will this income tax cut do something that the previous ones haven’t?

Come on.

Are businesses seriously going to look at this state and say, “Oklahoma, what an economic Garden of Eden?” and overlook the fact that the quality of life here is eroding by the day?

Oklahoma’s state services are woefully underfunded. The education system is being starved. Roads and infrastructure are mediocre and in many cases are crumbling. The health and welfare of Oklahoma’s citizens don’t appear to be a high priority for those holding the purse strings.

But, hey, never mind all that, the fatter cats get this great reduced tax rate of 5.25 percent. “

ReadMore here: http://www.fallinfail.com/post/3503016458/another-fallinfail-tulsa-world-budget-...
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    Politics
  2. tags:
    Republican,  Taxes,  Oklahoma,  reckless,  1 more
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