Tax and spend | Arkansas Blog

Saturday, November 3, 2007

Tax and spend

Posted By on Sat, Nov 3, 2007 at 6:53 AM

I couldn't resist the headline, for its echo of his ad campaign during his ill-fated race for governor in 1990, but I mean no knock at all on Sheffield Nelson, the former Arkla gas CEO, who told the Democrat-Gazette yesterday that he plans to act on his long-held view that the severance tax on natural gas in Arkansas (essentially non-existent now) should be increased. He says an organization will be formed to put a tax increase on the 2008 ballot. If approved, the revenues -- as much as $90 million a year if we set a rate equivalent to neighboring Oklahoma -- would be spent on higher education. He speaks with authority when he says this will have little impact on Arkansas biscuit cookers.

You go, Sheffield.

Copy and paste this to read the D-G article:

PS: John Brummett, who has a better memory than I (as does most of the world) reminds me:

The  last-weekend ad by Sheffield against Clinton in 1990 was a poor quality audiotape of Clinton saying 'raise and spend.' ... which, of course, were mere options Clinton was laying out academically to the Joint Budget Committee...



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