1. This Task Force was organized at the behest of the Governor to find a way to adopt the "Texas Plan" for taxation, i.e. no personal income taxes in order to stimulate economic growth in Oklahoma. The current Task Force recommendations still leave 2/3 of existing personal income taxes in place. Does anyone really believe that this fact will stimulate business development in Oklahoma?
2. The current Task Force recommendations place additional costs and administrative burdens on the majority of businesses in Oklahoma, small businesses. Does anyone really believe that this fact will stimulate business development in Oklahoma?
3. Because the Task Force's recommendations are revenue neutral the only accomplishment, if enacted, would be a major shift in those paying state taxes. In order to provide tax savings for individuals in the form of lowered income taxes, Shawn Ashley of the Office of State Finance is quoted as saying that "$506 million of the $776 million in sales tax increases are business-to-business taxes - taxes on services provided by a business to other businesses, not individuals." The very businesses that are Oklahoma's economic base would have their taxes increased. Does anyone really believe that this fact will stimulate business development in Oklahoma?
4. The current Task Force recommendations maintain the existing personal income tax structure and its associated governmental bureaucracy. In addition these recommendations will create a mountain of additional paperwork, reporting, auditing and bureaucratic requirements on the thousands of businesses and individuals not currently assessed a service tax. The cost of the additional governmental employees and departments will offset a noticeable percentage of the planned increase in revenue. How accurate is the Tax Force's recommendation of net benefits?
5. The Task Force asserts that current architectural and engineering services in Oklahoma represent an economic base of $1,601,657,000. Architectural firms average $116,000 in billings per employee. Oklahoma currently has about 800 in-state, licensed architects, 400 of whom are sole proprietors and the rest in firms averaging 2 employees per licensed architect. Based on this ratio architectural services represent an economic base of $185,600,000. Using similar averages there would need to be over 12,200 persons engaged in the private-sector, taxable engineering services business in Oklahoma. This figure and the Task Force's total economic projections are highly questionable.
6. Because the Task Force's recommendations are revenue neutral the only accomplishment, if enacted, would be a major shift in those paying state taxes. In lieu of every citizen paying proportionately to support the well-being of the state, the users-of-services are theoretically being asked to pick up an additional 1/3 of the tab currently levied on state citizens. Due to the high proportion of new business-to business taxes to be generated with this proposal (see #3 above) Oklahoma businesses that already provide the jobs of its citizens are being asked to pick up another 2/3 of the new sales tax increases.