Tag: tax cuts

Bears repeating: Are tax cuts responsible for the state's budget woes?

This week, the Oklahoman’s editorial board revisited the question of whether the state’s budget crisis is the result of the large and permanent tax cuts enacted during the mid-2000’s when the economy was booming and state revenues were soaring.  The… Read more [More...]

Stop digging! Top income tax rate cut should be suspended until revenues have recovered

Even assuming that we are in the early stages of what will eventually be a robust economic recovery, Oklahoma’s budget crisis is not going to end anytime soon. Revenue collections this year and next are projected to come in 20… Read more [More...]

Learning from the crisis (3): Putting multi-year revenue commitments on hold

On January 1st, tax cuts with a revenue impact exceeding $100 million, which include the full repeal of the state’s estate tax and a steep increase in the standard deduction, will take effect in Oklahoma.  Do these tax cuts reflect… Read more [More...]

Tax cuts and consequences

Plunging state tax collections are wreaking havoc on the state budget and having increasingly painful effects on public services in Oklahoma. Initial estimates were for tax collections for the current year, FY ‘10, to be more than $600 million below… Read more [More...]

A year without tax cuts–almost

In the first year that Republicans fully control the Legislature, who would expect we’d have so little to report from the tax cut beat? The economy and a $600-plus million revenue shortfall, of course, were major factors in tax decisions.… Read more [More...]

Less bang for the tax cut buck

Mickey’s Musings, the policy blog of UCO Economics Professor Mickey Hepner, is consistently one of the best local sources for credible information and thoughtful opinion on economic and fiscal issues facing Oklahoma and the nation. One of Mickey’s favorite themes,… Read more [More...]