Oklahoma Policy Insititute (OK Policy) advances equitable and fiscally responsible policies that expand opportunity for all Oklahomans through non-partisan research, analysis, and advocacy.
With next year’s certified revenues over $500 million less than current year appropriations, deeper budget cuts that could seriously impact the well-being of Oklahoma businesses, families and communities are looming. An OK Policy issue brief makes the case that in… Read more [More...]
Click here for OK Policy’s clear and concise overview of the four remaining bills still pending before the 53rd Legislature as of April 6, 2011. The issue brief also provides special in-depth coverage of the central omnibus bill, HB 1446,… Read more [More...]
Original at http://www.tulsaworld.com/news/article.aspx?subjectid=16&articleid=20110329_16_A9_Thesta937208
By WAYNE GREENE World Senior Writer
The state has lost $517 million in tax revenue in the past seven years because of exemptions to the gross production tax – the lion’s share of that going to deep… Read more [More...]
Oklahoma Assets has released the first in a series of policy briefs on key issues related to expanding economic opportuntiy and financial security for Oklahomans. The brief was authored by David Blatt, Director of Oklahoma Policy Institute and Chair of… Read more [More...]
A new fact sheet from Oklahoma Policy Institute looks at Oklahoma’s gross production tax and takes a specific look at the tax exemptions that are offered for different forms of oil and gas production. Over the past seven years, producers… Read more [More...]
Original at http://www.tulsaworld.com/news/article.aspx?subjectid=11&articleid=20110314_16_A1_Eighty571069
By RANDY KREHBIEL World Staff Writer
Eighty percent of Oklahoma households would see little or no direct benefit from an impending quarter-percent income tax cut, according to a report issued last week by the Oklahoma Policy Institute.… Read more [More...]
Original at http://www.tulsaworld.com/opinion/article.aspx?subjectid=61&articleid=20110313_211_G1_CUTLIN746470
By JANET PEARSON Associate Editor
The economy is showing some modest signs of recovery in Oklahoma, but for a staggering number of Oklahoma families, that’s not the case.
In fact, if anything, the consequences of poverty are… Read more [More...]
Original at http://newsok.com/tax-policy-rarely-devoid-of-wedge-driving-arguments/article/3547959
By The Oklahoma Editorial Board
A truly “fair” income tax system would assess everyone, rich or poor, at the same level and offer no exemptions or deductions. Public policy is rarely based solely on fairness, though, so… Read more [More...]
Unless the legislature acts to stop it, another state income tax cut will take effect January 1, 2012. When the cut is fully phased-in, revenues will be reduced by $120 million. An Oklahoma Policy Institute fact sheet shows that the… Read more [More...]