The Alliance for Oklahoma's Future released a fact sheet about tax cuts. Over the next few days, I will share all of them with you.
Fact 1-Recent tax cuts have Not significantly contributed to Oklahoma's economic growth.
Oklahoma--like the nation, including states that did not cut their taxes--has been in an economic expansion that began well before state tax cuts took effect. After reviewing hundreds of economic studies, economist Robert Lynch found that state tax cuts have only a minor impact on growth and may have a negative impact if they are accompanied by a decline in public services.
For the entire fact sheet check the web address at http://www.okbudgetalliance.org/pdf/budget/factsheet_TaxCutTRUTH.pdf. For more information about the Alliance, go to http://www.okbudgetalliance.org/.