Tax reform plan unlikely to attract business, economists say

From: THE JOURNAL RECORD | Date: April 22, 2002| Author: Ray Carter | Copyright information

Although proponents have claimed an overhaul of Oklahoma's tax code - specifically a dramatic reduction in the income tax - could attract new business to the state, a panel of local economists disagrees.

Those officials, speaking at a University of Central Oklahoma event, said the latest tax reform plan submitted will probably do little to attract new business to Oklahoma and could even drive companies out of the state.

Steve Smith, an economist from Rose State College, said he d...

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