State Treasurer, Ken Miller, seems to know things that Gov. Fallin doesn't. Perhaps her cognitive dissonance is willful and anchored in ulterior motives?
Whatever the motivation, Gov. Mary Fallin is trying for a 4th time in less than a year, to raise over a billion dollars in permanent recurring taxes on the Oklahoma people.
Fallin has failed to grow the economy in most of her 8 years in office. Few companies have migrated here and the largest area of growth in the state has been the government, itself.
Ken Miller is reporting that tax collections are coming in at a double-digit increase, compared to a year ago. This current rate is sufficient to perhaps wipe out the remaining budget shortfall of the current fiscal year, and even surpass the projections of next fiscal year (beginning this July).
When the national economic boom is factored in, there is little downside to leaving the tax base alone. There is a big downside to raising taxes. Companies worldwide are taking a second look at the USA as a base of operations. the Trump administration has been successful in keeping US corporations from emigrating to foreign soil. Apple is set to bring back hundreds of billions to the USA. A tax hike at this time might signal to corporate America that Oklahoma is increasingly repressive soil.
It requires any revenue-increasing act to be approved by a majority vote of the people. But it allows for this requirement to be bypassed only if the legislature passes a measure by more than 75% of both chambers and a governor's signature.
It's sorta like how the issue of a federal balanced budget & term limits turned into political cannibalism. Some folks got called the 'L' word because they want to try one method that some others are afraid of.
The fact remains that we were all wanting the same thing, but we just came up with different strategies.
The problem happening today is just like the rift that developed between Frederick Douglass & John Brown. They each had a different strategy and they each wanted to declare their own strategy to be "Real Abolitionism".
They were allies who could have devoured each other instead of defeating slavery.
I have more to say but I'll stop for a while.
- David Van Risseghem
Publisher of SoonerPolitics
By Teetotaler Dave