NORMAN — Editor, The Transcript:
A recent letter to the editor promoting a “yes” vote on State Question 766 made several glaring errors, and also left out another important issue. The reason this proposal is on the ballot is because of a lawsuit filed by Southwestern Bell, now AT&T. They lost, even at the State Supreme Court level, which means they presented their case several times, but lost. There is no “correction” to this, it is about a large, very profitable corporation paying their fair share of taxes. Trademarks, name brands, and similar intangible things have value, and companies and corporations go to court and sue to protect them when necessary. If SQ 766 passes, it will take away about $50 million in funding for public education and another $18 million from public libraries.
Another rumor being spread says that your grandmother's favorite cookie recipe could be taxed. More nonsense. A simple reading of the ballot language tells us what can be affected, but another important issue left out of most support letters is the fact of a safeguard put in place by those of us in the legislature at that time. A simple $25.00 “business activity tax” was created to protect most businesses and individuals, and, it has a tax credit to refund that $25 meaning that it is free. No flag, No penalty. If the ballot question fails, then public schools and libraries continue to be funded at the current level. Please support your public schools and libraries, Vote NO on SQ 766.
Oklahoma Democratic Party Chair - Norman