The Norman Transcript

Opinion

October 31, 2012

Yes on SQ 766

NORMAN — Editor, The Transcript:

I want to alert your readers to an important state question on the November ballot.  Voting YES on SQ 766 will guarantee that the government won’t raise taxes on intangible personal property and put unnecessary strain on small businesses and families. 

The Supreme Court ruled that intangible property, ie. non-physical property, with very limited exceptions, is taxable.  A yes vote will permanently prevent this overreaching taxation.

Without it, there is literally no limit to the types of taxes that might be invented and enforced.  Retirement benefits, computer software, business names, insurance policies, professional licenses, client lists and a slew of other items would be considered taxable. 

This subjective, complicated, and increased tax burden on businesses will stifle innovation and job growth. 

Oklahoma’s economic future is looking up; we must ensure that we stay on the right track.  Vote YES on SQ 766 to protect yourself from excessive taxation.

 John Woods, President & CEO

Norman Chamber of Commerce

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

1
Text Only | Photo Reprints
Opinion
  • Marijuana a gateway for new OK voters

    A poll this past year showed significant Oklahoma support for legalizing the use of marijuana for medicinal purposes. The poll showed that more than 71 percent of those surveyed thought medical marijuana was appropriate for patients who ...

    July 31, 2014

  • Expansion effect evaluated

    Editor, The Transcript: The effect of the Medicaid expansion rejection and acceptance on hospitals’ uncompensated costs are now being evaluated....

    July 31, 2014

  • America paying the piper

    Every third American you pass on the street has debts that have been turned over to a collection agency whose 140,000 workers are keeping the phones ringing....

    July 31, 2014

  • State is No. 2 in barbecue

    Americans love the marriage of smoke, fire and meat, but geography plays a part in how strong the passion is. Estately Blog has created a map charting which states are home to the most barbecue enthusiasts. Oklahoma comes in at No. 2 in ...

    July 30, 2014

  • Community Action mostly closed due to cutbacks

    Editor, The Transcript: The Community Action, at 1155 E Main St. in Norman, for decades has served Cleveland County with the following everyday services: a food pantry, short-term housing for the homeless, providing rides for those without ...

    July 30, 2014

  • Keep guns off campus

    Some Oklahoma lawmakers just won’t let the issue of allowing handguns on campus to go away. A joint legislative study will take a look at campuses around the nation to see if there is a way to accommodate faculty, staff and students who ...

    July 30, 2014

  • Improving children’s lives

    Social service organizations that have long-term debt for their headquarters and operating needs often spend much of their fundraising efforts meeting those obligations....

    July 29, 2014

  • Nutritional article should be accurate

    I read with interest the July 13 article “Are low-carb diets really healthy?” by Cassidie Day. Unfortunately, a number of statements in this article were incorrect. The first problematic statement was, “Carbs are an essential nutrient ...

    July 29, 2014

  • Hospital story headline was too sensationalized

    Editor, The Transcript: On July 18, The Transcript ran a front page article with the headline “Lawsuit filed against Norman Regional — Civil suit alleges improper billing practices by NRH and contracted physicians groups.” As a first page ...

    July 29, 2014

  • Congress should close gaps

    Of all of Edward Snowden’s revelations about electronic surveillance by the National Security Agency, the most unsettling was that the government was accumulating vast numbers of records about the telephone calls of American citizens. In ...

    July 27, 2014