Fallin cuts top tax rate, says state revenue growth is enough.

[we vs us]

Fallin has decided to cut the top state income tax rate by a 1/4% because "revenue growth is enough" to warrant it.  This despite her 3% across the board budget cuts this year, and 2012's projected $500 million dollar budget gap. 

What the love, people. This makes ZERO sense.

http://www.tulsaworld.com/news/article.aspx?subjectid=16&articleid=20110222_11_0_OKLAHO282044&rss_lnk=298,297

[Gaspar]

Cool!  Attracting more businesses that are fleeing the blue states.

Should also help our housing market.  We still are holding a large inventory of homes in the 300K + range.

[Ibanez]

Just imagine how much it could be cut if we wiped out government waste or how much better our services could be if we wiped out government waste. Either way you want to look at it eliminating the waste should be priority 1. Of course you, I and the oak trees know that is never going to happen in our lifetimes.

[patric]

Tax cuts for the wealthier taxpayers has always been a sound economic political strategy.
/s 

[guido911]

Tax cuts for the wealthier taxpayers has always been a sound economic political strategy.
/s 

I like it.

[Conan71]

Cool!  Attracting more businesses that are fleeing the blue states.

Should also help our housing market.  We still are holding a large inventory of homes in the 300K + range.

I don't think .25% is going to be a major attraction for outside investment or .

It's not fiscal conservatism to reduce income when there's still a deficit resulting from too much outflow.  

I'm not impressed with this gesture so that Gov. Fallin can say she "cut taxes".  I seriously doubt this is a substantial amount, I'm sick and tired of symbolic politics.

[heironymouspasparagus]

Sick and tired of symbolic politics...

And yet, this state keeps voting them in.

[nathanm]

Cool!  Attracting more businesses that are fleeing the blue states.

Yeah, that's not actually happening. It shows what a crock of smile the supposed fiscal conservatism is. To do it correctly, you have a surplus and then cut taxes. Ever since Reagan acted the fool, it seems everyone else has done what they can to get in on the action.

[Conan71]

Yeah, that's not actually happening. It shows what a crock of smile the supposed fiscal conservatism is. To do it correctly, you have a surplus and then cut taxes. Ever since Reagan acted the fool, it seems everyone else has done what they can to get in on the action.

Yeah, but he was going to pay it back eventually.  At some point the Neo-Cons decided that wasn't really necessary nor a priority because deficits don't matter.

[ZYX]

Hmmmmm, We are facing a budget shortfall, (lightbulb), I got an idea! Let's cut taxes and then maybe we will become debt free. Hey wait a minute...

I do not understand why so many Oklahomans fall for this time after time. These people who want taxes cut are the same people who complain that the country is in debt. We must come up with a real solution, not one that will get somebody elected again in 2012, or 2014.

[nathanm]

Yeah, but he was going to pay it back eventually.  At some point the Neo-Cons decided that wasn't really necessary nor a priority because deficits don't matter.

That's the problem. The states don't have the same financial "independence" the federal government has, since they don't control the money supply. Some people seem not to understand that, even though it only takes a quick look at the Euro zone to get a handle on how it works.

ZYX, they're also the ones who complain that we have some of the worst roads in the nation and that all our bridges are crumbling and wonder why nothing is done. (well that and the real fools who claim our roads aren't bad and our bridges aren't falling down, but those folks are obviously divorced from reality)

[ZYX]

Ah yes, roads. The only thing that could possibly make a community better.

[Gaspar]

Ever since Reagan acted the fool. . .

Yeah, we should go back to the pre-Regan tax structure.  That would make this country great! 

Bahahahahah!

[we vs us]

Yeah, we should go back to the pre-Regan tax structure.  That would make this country great!  

Bahahahahah!

I'd even settle for Reagan's tax structure.

[Conan71]

Ah yes, roads. The only thing that could possibly make a community better.

And one of the primary functions we expect out of government.