Jones recommends moving all production taxes to 5% regardless of a well's age or volume (the current aggregate rate is about 3.1% for all production). Now Jones is calling for a series of new taxes. besides petroleum production, Jones wants a 3-cent raise in the gasoline tax (per gallon). Jones also favors the $1.50 tax hike in tobacco, but he insists that the money remains earmarked to smoking-related costs in medicaid.
Jones may have a very good point on the Democrat maneuvering. It appears that the Republican leadership has 3 options on Gross Production Tax Rates;
Opinion of the Editor
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David Van Risseghem is the Director of Sooner Politics.org. The resource is committed to informing & mobilizing conservative Oklahomans for civic reform. This endeavor seeks to utilize the efforts of all cooperative facets of the Conservative movement...