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The Water Cooler
General Discussion
Oklahoma Senate Passes Tax Hike on Oil and Gas
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<blockquote data-quote="Shadowrider" data-source="post: 3051753" data-attributes="member: 3099"><p>I know right? It wasn't the tax break we gave O&G that caused the state budget shortfall, things were fine after it passed. It was simply that O&G crashed and the rate didn't matter because there was simply nothing to tax regardless of the rate! How can people be so damn dumb? Since 1907 (statehood) O&G has been dominate economically speaking. There is simply no other industry to even come close. I'd guess agriculture would be next but behind that there's basically nothing. It's always been this way. And dems play it to the stupid like a fiddle...</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 3051753, member: 3099"] I know right? It wasn't the tax break we gave O&G that caused the state budget shortfall, things were fine after it passed. It was simply that O&G crashed and the rate didn't matter because there was simply nothing to tax regardless of the rate! How can people be so damn dumb? Since 1907 (statehood) O&G has been dominate economically speaking. There is simply no other industry to even come close. I'd guess agriculture would be next but behind that there's basically nothing. It's always been this way. And dems play it to the stupid like a fiddle... [/QUOTE]
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Oklahoma Senate Passes Tax Hike on Oil and Gas
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