Tuesday, April 24, 2007

Tax Cuts Fact 2

Fact 2-Tax cuts do not encourage Oklahoma businesses to invest further or out-of-state firms to locate here.

Investment decisions are based on maximizing profits. Since state taxes don't contribute much to the cost of doing business, they don't factor heavily in investment decisions. In numerous studies on business site selection, the Cooperation for Enterprise Development (CFED) has consistently found that level of taxation is of little significance.

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/.

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