Energy Group: Survey Confirms Risk Of Higher Taxes

Chad Warmington, President
Oklahoma Oil & Gas Association

The Sooner Survey that was released today confirms that Oklahomans strongly reject higher taxes on the oil and gas industry, the state’s largest industry and tax payer.  The public understands that higher taxes will lead to fewer jobs and less revenue to the state.

The negative impacts of higher taxes will be disproportionately felt in rural Oklahoma where the majority of oil and gas drilling activity is taking place.  That is why 77% of rural Oklahomans say that taxes on the oil and gas industry should stay the same or be cut.

In fact, Lt. Governor Todd Lamb said it well in an editorial column this weekend, “We must be vigilant, not just for the companies operating one or two rigs, but for the suppliers, small-town restaurant owners, home builders, truck drivers and others who depend on this industry.”

Raising taxes to grow government could have devastating long term economic impacts and the Sooner Survey confirms that the public does not want to see that happen.


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