Friday, December 4, 2009

Rebuttal To Kill The MAPS Tax's Top 10 List: No. 1

KMT states:

1. A Tax Cut Will Stimulate Oklahoma City's Economy with $80-90 Million in Additional Sales.

This was already largely addressed under Point 9, but it’s worth revisiting. In this economy, what do you think will have a stronger impact: giving every Oklahoma City citizen a hypothetical ten dollars a month tax savings, or employing the people who will build $777 million in capital improvements? The latter scenario will also necessitate various supporting businesses for those working on the projects, and will stimulate the labor market by creating new jobs and therefore job mobility. This, in turn, will drive up sales tax receipts by providing the citizens of Oklahoma City with jobs CREATING ASSETS for our future and for our city.