Tag: tax shift

The tax shift returns

Yesterday, Senator Patrick Anderson (R-Enid) filed legislation to replace Oklahoma’s income tax with a flat tax of 2.95 percent. Anderson’s bill would do away with Oklahoma’s current tax brackets and eliminate all income tax deductions, credits and exemptions, including credits… Read more [More...]

Why raise taxes on working families?

Lost amid much of the tax cut discussion has been the fact that proposals coming out of the legislature would actually increase taxes on hundreds of thousands of low- and moderate-income families. That’s because they could lose a host of… Read more [More...]

The "tax cut" bait and switch

As they ponder plans to cut Oklahoma’s top income tax rate, most lawmakers admit the state cannot afford a cut without eliminating many other tax breaks. They emphasize that we should close loopholes for corporate “special-interests.” Yet as details of… Read more [More...]

Who are the real losers in the tax shift plan? It's not "special interests"

[UPDATE: A previous version of the graph left out the Child Tax Credit from the list of broad-based credits that make up the 68 percent.] In a recent interview with KWGS, tax reform task force co-chair Senator Mike Mazzei argued:… Read more [More...]