Don't Blame Business for Bad Revenue Estimates

State Chamber responds to March state revenue report

Oklahoma City (April 15, 2014) – State Chamber President and CEO Fred Morgan made the following statement after the latest revenue report released by the Office of Management and Enterprise Services:

“We respectfully disagree with some of the analysis in the most recent revenue report which seems to blame the business community for collections falling short of estimates. Gross production tax revenue is certainly not at fault since the collections so far this year are actually $11-million or nearly six percent higher than the estimate. And we don’t believe attacking successful, proven tax credits is the proper message to be sending to job creators trying to move the state’s economy forward. The state has collected more money so far this year than at this point last year. So rather than making job creators the scapegoat, perhaps the solution should be found on the spending choices being made.”

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