Saturday, June 24, 2017

Bad Bills Part 7: Grabbing Money Sooner

HB 2356 is a bill that moves forward the due date for franchise tax payments, moving it forward two months. That effectively increases cash flow for the state by taking the tax money before it was originally due.
Here is a bill that was chosen for scoring the RINO Index,
& why this bill is bad for the average Oklahoman.

This is just not good public policy. It is a budget trick, the income remains the same, they are just collecting it sooner. It is a one time source of quick cash to get past the budget year end. Rather than trim this much money out of the budget by closing useless state agencies or welfare programs they kick the problem down the road for the next legislature to deal with.