Oklahoma is set to enact deep budget cuts that will harm our communities and economy and put the lives of vulnerable children, veterans, and seniors at stake – unless we are willing to take sensible steps to end unaffordable and unnecessary tax breaks. Oklahoma’s longstanding tax rate on oil and gas drilling is 7 percent, but a special tax break gives the industry a 2 percent rate for the first 3 years of any new well. Tax breaks on oil and gas are projected to cost the state over $500 million in lost revenue next year – that’s about half the state’s budget shortfall.
What You Can Do
To save our state, everyone must contribute their fair share. Contact your legislator today and urge them to restore the historical 7 percent tax rate for oil and gas.
Call your House member at 405-521-2711 and your Senator at 405-524-0126. You can also look up contact info for your legislators here.
You can also sign up to be part of the Save Our State coalition supporting a sensible, comprehensive plan – the Blueprint for a Better Budget – that puts our budget on a sustainable path, averts further budget cuts, and invests in key priorities in education, health care, and public safety.