My, what an interesting world we live in. In today's papers (April 25) one news story says our state government has voted to lower income taxes in 2015 and again in 2016. The story says that if both cuts take effect tax collections would decrease by $237 million.
Our governor Mary Fallin is quoted “cutting the income tax sends a positive message to business and industries and ultimately will help grow the state’s economy, I certainly think the tax cut is a responsible tax cut, it will not deprive the government of revenue and it will help support the different needs that we have in government services and things like education and other areas of government.” The governor did not explain how less money provides more support.
An op-ed piece by ex-governor now OU president, David Boren, points out that since he has become OU president the state share of university costs has decreased from 32 percent to 15 percent. President Boren also cites a report provided to the State Chamber of Commerce that demonstrates that the economy benefits $5 for every $1 invested in higher education. I hope things like this will be remembered come election time.
ROBERT A. WEAVER