SQ 640 protects taxpayers
If you want to regulate speech, you belittle the First Amendment. If you want to confiscate guns, you vilify the Second Amendment.
In Oklahoma, if you want to reach into taxpayers’ wallets for more cash, you denounce the constitutional protections established by State Question 640, which was approved by voters in 1992.
In case some forgot, 640 is that annoying rule on revenue-raising measures. With it, voters took back some of their power. The measure first calls for Oklahoma voter approval on tax increases. Or, alternatively, the Legislature could pass tax increases with a supermajority of at least 75 percent in each chamber.
For working Oklahoma families, 640 offers some protection from the threat of constant tax increases. Before it passed, simple majorities easily raised taxes without concern for Oklahoma’s economy. For example, House Bill 1017 passed in 1990, which raised taxes by more than $200 million.
If history doesn’t necessarily repeat itself, it echoes. Look at where we are today. We have a downturn in Oklahoma’s oil and gas economy, and a state government frantically searching for more than $400 million to spend instead of making tough choices.
As you might expect, some lawmakers are now looking to wage war against 640. They claim it confines government by making any revenue-raising measures impossible to pass. But that’s not true.
In 2009, 2010, and 2011, legislators organized bipartisan supermajorities to pass bills that raised some $224 million in new annual state funds and $268 million in annual matching federal dollars. Press releases from the executive branch, Board of Equalization reports, and legislative budget summaries show that the 2015, 2016, and 2017 legislative sessions combined to annually increase revenue for appropriation by more than $500 million. Also, Oklahoma has raised personal income tax rates and cigarette taxes since 640 was adopted by voters.
So mostly during Republican majorities elected control, annually recurring revenues were raised more than $724.7 million.
Oklahoma is hurting because Oklahomans are hurting. When times are tough, state government must do everything possible to adjust spending to match income, just like the rest of us. When we easily give government more money, it finds a way to quickly spend it. Then, it returns next year asking for more.
Oklahoma taxpayers are grateful to have 640 in the books. Lawmakers should respect taxpayers instead of waging war against 640.
Jonathan Small serves as president of the Oklahoma Council of Public Affairs (www.ocpathink.org).