The Norman Transcript

Editorials

November 30, 2012

A bit of common sense

NORMAN — Rep. Tom Cole’s comments about Republicans accepting a tax cut extension that impacts 98 percent of all Americans and take up tax cuts later on those earning $250,000 or more a year sounds like some good common sense, but it may not be the best political sense.

His opinion, leaked from a meeting of top Republicans in Congress, smells like a trial balloon sent up by some of his colleagues. Most quickly shot it down, saying their goal was to eliminate tax increases for all Americans.

Mr. Cole, R-Moore, told reporters there is no sense using the majority of American taxpayers as leverage when the debate really involves the tax rates on upper income taxpayers. His speaker and friend, Rep. John Boehner, R-Ohio, said raising taxes on upper income Americans, many of whom are small business owners, will harm the economy.

But even more harm to the economy is the uncertainty placed on the majority of consumers and businesses. The U.S. and foreign stock markets surged a bit Wednesday, perhaps sensing some sort of compromise coming from the nation’s Capitol.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Editorials
  • Top honors for NPS

    Top honors keep rolling in for both of Norman’s high schools. The district learned this past week that Norman High School and Norman North High School have been recognized as two of the most rigorous high schools in the country and in the ...

    April 16, 2014

  • Wind power bursting

    There are a few wind generators dotting the Norman skyline, but western and northwestern Oklahoma makes up for the deficit here. An industry group this week said Oklahoma ranks fourth nationally in the amount of wind-generated ...

    April 16, 2014

  • Protect your home from wildfires

    To most people, fuel is what you put into your gas tank. To firefighters, it means something altogether different. To people who make a living putting out fires, fuel is that material that feeds wildfires — and there is an abundance of it ...

    April 12, 2014

  • Let’s toast: Main Street bridge nearly complete

    It was January 2013 when crews began knocking down the Main Street bridge over Interstate 35. The timeline on completion has always been this May. If everything comes together and the weather holds for the next few days, the overpass and ...

    April 11, 2014

  • Yes to Capitol and museum

    Two major spending bills have emerged from the powerful House Appropriations and Budget Committee headed by Norman Rep. Scott Martin. Both are up for passage in the full House of Representatives. We believe both deserve passage....

    April 11, 2014

  • Assistance needed

    The planned reopening of the Canadian River bridge connecting Purcell and Lexington is still more than two months away. Some of the businesses that depended on cross-bridge trade may not make it that long....

    April 11, 2014

  • Voters need speak up

    As candidates gear up to get their names on the ballot this year, it also may be time for voters to take some initiative, too....

    April 9, 2014

  • Let the filing begin

    The path to the state Capitol and local election board offices will be busy for the remainder of this week. Candidates, incumbents and those thinking they might want to be an incumbent will sign up today through Friday to have their names ...

    April 9, 2014

  • Taking care of business

    The backlog of state prisoners filling county jails in Oklahoma is finally getting some attention. The Associated Press’ Sean Murphy reports the new director of the state Department of Corrections has made clearing the inmate backlog a ...

    April 8, 2014

  • A Tuesday kind of market

    A family friendly, festive atmosphere is what organizers of Cleveland County’s Farm Market hope for tonight at the fairgrounds on East Robinson Street....

    April 8, 2014