Oklahoma is facing a major budget deficit and state leaders say things are only getting worse so of course, Republicans came up with the most ridiculous idea ever to fix the economy. You see, one could just raise taxes on the wealthy but a reasonable fix is just too much to ask, so a Republican lawmaker authored a crazy-time bill and Gov. Mary Fallin signed it.
This is what they came up with:
Senate Bill 1085, authored by Sen. Nathan Dahm and signed by Gov. Mary Fallin, will create a checkoff box to allow individuals to donate all or a portion of their state income tax refund or make a direct donation to the state general revenue fund. It takes effect for the 2017 tax year.
That’s right, you can donate your entire tax refund to fix the disaster Republicans created.
Keith Gaddie, chairman of the political science department at the University of Oklahoma, says it will cost more money to change the tax forms than the money it will raise.
“The cost of changing the tax forms and creating this program is probably going to cost more than the revenue it will generate,” he said. “It will probably lose money.”
“It’s a snarky way of saying, ‘If you want more government, why not pay for it,'” he said. “They are trying to pass off their obligation to set a steady stream of money to fund government.”
Last month During Fallin’s ‘State of the State’ address, she said that many agencies and departments will see a 3 percent cut to try to make ends meet, but that isn’t going to fix the state’s economy. State officials announced on Thursday that agencies will be facing additional budget cuts now.
Schools and prisons will pay the cost, too.
State finance officials told the Associated Press that Oklahoma schools, prisons and other state agencies will have their budgets cut by an additional four percent for the rest of the year.
The added cuts are expected to equal close to $235 million and public schools alone will have nearly $110 million cut from their budget for the fiscal year that ends June 30. Yes, punishing children and asking citizens of the state to donate their tax returns is totally the way to go (wink wink.)
Image via screen capture.