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Oklahoma to corporations: We love you!


Gazette staff December 12th, 2012

If there’s one thing Oklahoma politicians know, it’s that no one appreciates a moocher. Unless that moocher is a corporation.

Credit: Brad Gregg

And as failed Republican presidential candidate Mitt Romney taught us, “Corporations are people, my friend.”

According to The New York Times, the Sooner State spends around $2.19 billion annually on corporate incentive programs. That translates to $584 for every Oklahoman going toward paying for business incentives — or 37 cents for every dollar in the state’s budget.

You read that right: For every dollar the state has, more than one-third goes to your friendly neighborhood corporation.

Think of that next time you hear about meteor-sized craters in roads or unqualified teachers in overcrowded classrooms, and get told those things can’t be fixed because the state is flat broke.

Breaking those numbers down, NYT found that $1.78 billion goes to the manufacturing industry; $154 million to the oil, gas and mining industry; and $67.2 million to agriculture.

When Gov. Mary Fallin said during her campaign that the state was “open for business,” we had no idea she meant the state treasury.


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12.13.2012 at 09:54 Reply

The irony is that is that if an individual has the ability to exploit a tax loophole, they will.  Even when they rally against those loopholes benefiting others.  

I know a guy from the tea party who rails on Obama, but was more than willing to accept the $8,000 homebuyer credit that Obama created.  

"If you don't stick to your values when they're being tested. they're not values: they're hobbies." - Jon Stewart

 

 
 
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