|
Oklahoma State Senate
Communications Division
State Capitol
Oklahoma City, Oklahoma 73105
For Immediate
Release: December 8, 2004
Sen. Brogdon talks to reporters about the "Taxpayer's Bill
of Rights."
Sen. Clark Jolley, co-sponsor of TABOR, said the constitutional
amendment will help reduce the
burden our state passes on to future generations.
Brogdon to Introduce ‘Taxpayer Bill of Rights’
Legislation
State Senator Randy
Brogdon announced Wednesday that he will introduce a constitutional
amendment to limit the future growth of the state government’s
budget, known as the “Taxpayer’s Bill of Rights”
or TABOR.
“Over the past ten years, state government has grown at an
unsustainable rate of 89%, while the private sector has only grown
65%,” stated Brogdon, R-Owasso. “The TABOR amendment
would limit the annual growth in the state budget to the level of
inflation plus the state’s population growth, ensuring that
the state’s budget does not grow faster than the family budget.”
The Taxpayer Bill of Rights amendment is designed to constrain
the growth of government in an economic boom and stabilize the budget
cycle during a downturn in the economy.
“The TABOR amendment will help control the growth of government
by setting reasonable spending limits based on priorities and sound
fiscal discipline. It will ensure that in an economic downturn there
is a budget stabilization fund to help offset budget shortfalls.
In surplus years TABOR will ensure that a portion of surplus revenues
is rebated to taxpayers and used for income tax reform,” Brogdon
said.
The TABOR amendment would:
• Limit the growth in spending to the combined total of inflation
and population growth.
• Protect the Emergency Fund by allowing spending only on
true emergencies.
• Create a Budget Stabilization Fund to help prevent draconian
cuts in future economic downturns.
• Use surplus revenues to provide rebates to taxpayers and
to reform the state income tax code.
Brogdon said using surplus revenues for income tax reform is a
key part of the TABOR amendment, considering that the highest income
tax rate kicks in for Oklahomans earning just $10,000 a year.
“By limiting the future growth of government and mandating
tax relief in surplus years, TABOR will help get Oklahoma’s
economic engine roaring again. It will be a boon for investment
and job growth in Oklahoma,” Brogdon stated.
For
more information contact:
Senate Communications Office - (405) 521-5774

|