Oklahoma

n2doc

(47,953 posts) Sun Apr 30, 2017, 12:11 PM Apr 2017

After slashing taxes, Okla. struggles to fund schools, other services

By Sean Murphy

OKLAHOMA CITY — Four years ago, Oklahoma’s oil patch was booming, unemployment was falling, and lawmakers were debating what to do with a $200 million surplus.

Republicans who control state government successfully pushed to reduce the top income tax rate, slash the oil and gas production tax rate from 7 percent to 2 percent, and give more tax incentives to industry.

But the boom ended, and the money dried up.

Now, the once-unwavering confidence in the wisdom of lower taxes has given way to a growing panic over how to pay for basic services, including schools, health care, and public safety. Revenue has fallen about 20 percent short of budgeted needs — for the third year in a row.

https://www.bostonglobe.com/news/nation/2017/04/27/after-slashing-taxes-oklahoma-struggles-fund-schools-other-basic-services/d3Z4z26eF7cXbN2Wgs5LzI/story.html

Same shit, different state.

9 replies

= new reply since forum marked as read

Highlight:

After slashing taxes, Okla. struggles to fund schools, other services (Original Post) n2doc Apr 2017 OP

Tax-slashing and trickle-down are road-tested failures. Beartracks Apr 2017 #1

Because it works for them Cartoonist Apr 2017 #3

Well, it works for the Republican politicians. Beartracks Apr 2017 #4

The Jehovan Republic of South Kansas is shocked, shocked at the outcome . . hatrack Apr 2017 #2

Well well,and Wellstone ruled Apr 2017 #5

And they call themselves fiscal conservatives. Pfft. Beartracks Apr 2017 #6

They blame the shortfall entirely on low oil prices Mickju Apr 2017 #7

Taxes needed GOP!!!! benld74 Apr 2017 #8

Take from the poor and give to the rich! WinstonSmith00 May 2017 #9

Beartracks

(13,581 posts)

1. Tax-slashing and trickle-down are road-tested failures.

Reply to n2doc (Original post)

Sun Apr 30, 2017, 12:20 PM

Apr 2017

There's a track record of these policies being enacted at state and Federal levels over the years and the result is always bad for constituents/voters and the economy.

Why do Republicans keep believing this failed approach will work?

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Cartoonist

(7,534 posts)

3. Because it works for them

Reply to Beartracks (Reply #1)

Sun Apr 30, 2017, 12:31 PM

Apr 2017

The rich get richer

Beartracks

(13,581 posts)

4. Well, it works for the Republican politicians.

Reply to Cartoonist (Reply #3)

Sun Apr 30, 2017, 12:49 PM

Apr 2017

But when will Republican voters wise up?

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hatrack

(60,973 posts)

2. The Jehovan Republic of South Kansas is shocked, shocked at the outcome . .

Reply to n2doc (Original post)

Sun Apr 30, 2017, 12:26 PM

Apr 2017

Wellstone ruled

(34,661 posts)

5. Well well,and

Reply to n2doc (Original post)

Sun Apr 30, 2017, 01:25 PM

Apr 2017

center of Climate Denial is now begging the rest of us to help them recover from guess what,a climate event called flooding which is most likely related to mankind.

Forgot,this is Trump Country,blame it on Obama.

Beartracks

(13,581 posts)

6. And they call themselves fiscal conservatives. Pfft.

Reply to n2doc (Original post)

Sun Apr 30, 2017, 03:24 PM

Apr 2017

Not saving/investing the surplus for the lean times is fiscal irresponsibility.

==============

Mickju

(1,812 posts)

7. They blame the shortfall entirely on low oil prices

Reply to n2doc (Original post)

Sun Apr 30, 2017, 04:02 PM

Apr 2017

It could never be because of the tax cuts. Stupid Republicans

benld74

(9,998 posts)

8. Taxes needed GOP!!!!

Reply to n2doc (Original post)

Sun Apr 30, 2017, 04:49 PM

Apr 2017

WinstonSmith00

(228 posts)

9. Take from the poor and give to the rich!

Reply to n2doc (Original post)

Fri May 5, 2017, 02:33 PM

May 2017

That is the repugnant motto.

Exploit the poor and rake in the dough.

Republicans have been a complete failure for this state. Time to wake the people of Oklahoma up. One hundred years ago we were one of the most progressive States. We have greatly lost our way.

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