Oklahoma going broke as fast as Kansas due to tinkle down economics.......... [View all]

[Bengus81]

Same BS as was done in Kansas in 2013,give the fat cats a low tax rate--or ZERO as it was in Kansas and the economy will BOOM. BULLSHIT,it never works--never has,never will.

"I'm not scared to say it, because I love Oklahoma, and we are dying," said Republican state Rep. Leslie Osborn. "I truly believe the situation is dire." Oklahoma's woes offer the ultimate cautionary tale for other states considering trickle-down economic reforms. The outlook is so grim that some Republicans are willing to consider the ultimate heresy: raising taxes to fund education and health care, an idea that was once the exclusive province of Democrats.

"Without new recurring revenue, we can't fix these problems," said Osborn, who was ousted as chairwoman of the powerful House Appropriations and Budget committee for her outspoken support of tax increases.

The crisis has also placed the oil and gas industry, a sacred cow in Oklahoma, in an awkward spot since it sought the huge tax cut that is one of the biggest factors in the budget mess.

Gov. Mary Fallin and GOP leaders have been unable to reverse course because of a constitutional quirk that says any tax increase needs a three-fourth's majority vote of the Legislature. Despite broad GOP support for tax hikes, a small number of fiercely anti-tax Republicans have joined with the minority Democrats to derail attempts to raise revenue. Democrats complain that most of the tax plans unfairly target the poor.

http://www.kansas.com/news/business/article205497199.html