The Budget Crisis
Teachers are leaving en masse, state troopers are facing mandatory limits on how far they can drive, fundamental services are being slashed. This ongoing budget crisis is self inflicted by the existing leadership. One party controls all three houses of Oklahoma government and are solely responsible for our budget crisis.
My goal is to stop the hemorrhage of money from our state coffers, not by enacting taxes on working class folks, but by revoking billion dollar tax giveaways to corporations and the rich. I support increasing the GPT (Gross Production Tax) on oil production in this state from the current 2%, to a more reasonable 7%. I also want to restore tax rates for the wealthiest in Oklahoma back to pre-2010 levels.
Even oil production companies have called on the legislature to raise the GPT. Oklahoma is the number 5 state in terms of oil and gas production. Our GPT is lower than every other oil and gas producing state including Texas and Montana.
Please read this editorial by lifelong Oklahoman and oilman, Dewey Bartlett, who agrees that we need to restore this vital revenue.