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Oklahoma's Republican-led legislature is defending quality jobs tax credit program? Still?

Andrew W. Griffin / Red Dirt Report
How does the Republican legislature keep defending the quality jobs tax credit program?
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NORMAN, Okla. -- The State of Oklahoma is experiencing a decline in employment due to the recent drop in crude oil price. Several energy companies received quality jobs tax credits for hiring employees during the run up in oil prices.

The oil companies did not hire people because of the tax credits, they hired people because they needed them to do the record amount of work available. Now many of those jobs are going away along with the lose of tax revenue given away by job tax credits.

The politicians keep saying how good this program is and everyone else keeps seeing jobs created when oil prices go up and jobs lost when oil prices go down.

The Ford Glass Plant in Tulsa was sold to Robert Price in 2008. That company received nearly $22 million in quality jobs tax credits over a three year period. That glass company and all of its employees are gone. Along with the $22 million of lost revenue to the state.

So no matter how many millions the Commerce Department pumps out in quality jobs tax credits, the only winners are the companies who don’t need it and the losers which are everyone else.

The Republican Party in Oklahoma won control of the house and senate because of bad governing policies of the democrats. If the republicans keep on shelling out tax credits that serve no purpose, they will not remain a majority party.

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About the Author

Ted H. Smith

Ted H. Smith is a 1966 graduate of Texas A&M University. He received his Master Degree in...

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About Red Dirt Report

Red Dirt Report was launched July 4, 2007 as an independent news website covering all manner of news, culture, entertainment and lifestyle stories that affect and interest Oklahoma readers and readers outside of our state. Our mission is to educate, promote civic engagement and discourse on public policy, government and politics. Our experienced journalists provided balanced in-depth coverage of news stories that affect Oklahomans. Our opinion/editorial stories come from a wide range of political view points. We carry out our mission by reporting, writing, and posting news and information. read more

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