Tax Cuts-Fact 6

Fact 6-Tax cuts do not encourage new spending.

Since Oklahoma cannot run a deficit, tax cuts do not create new dollars to be spent. In fact, tax cuts may actually lower in-state expenditures since there is no guarantee that taxpayers will invest or spend the tax cut in Oklahoma.

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/.