Looking at Quality Jobs Tax Credits
The State legislature is looking into tax credits for the Quality Jobs Program.
State lawmakers held another task force meeting on Wednesday to study tax credits to see if they are indeed creating jobs.
Tax Credit Investor Steve Goldman told the members some tax credits do result in more people being employed, but others could be seen as corporate welfare.
“What’s missing in many of these programs is the feedback loop. Finding out whether something is cost effective, how many people is it helping is it helping across the bard, across the state.”
The Chairman of the Task Force, Representative David Dank, supports the Oklahoma Quality Jobs Program, but also says there needs to be more transparency.
The task force is expected to meet through November and then produce a report for the next legislative session.