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April 30th, 2017
What’s up this week at Oklahoma Policy Institute? The Weekly Wonk shares our most recent publications and other resources to help you stay informed about Oklahoma. Numbers of the Day and Policy Notes are from our daily news briefing, In… Read more
April 28th, 2017
Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol. Free at last! There was an interesting exchange on the House floor last week between… Read more
April 28th, 2017
In The Know is your daily briefing on Oklahoma policy-related news. Inclusion of a story does not necessarily mean endorsement by the Oklahoma Policy Institute. Click here to subscribe to In The Know and see past editions. Check out OK… Read more
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0.3%

Effective state corporate income tax rate paid by Devon Energy from 2008 to 2015. Over that period, the company made $21.76 billion in profits but paid only $71 million in corporate income taxes, more than $1.2 billion less than if the company paid Oklahoma’s official corporate income tax rate of 6% 

Source: Institute on Taxation and Economic Policy

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“We have to come together with our partners, like this wonderful group of energy partners that has come together with us and said, ‘we set the rate too low. We have to look forward to bringing in new recurring dollars, and there is nothing more important to fund besides those core services than our future. And our future is our children.’”

– House Appropriations and Budget Chair Leslie Osborn (R-Mustang), on the Oklahoma Energy Producers Alliance’s suggested gross production tax increase (Source)

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