OKPOLICY.ORG
Individual income tax collections over the last two state budget years grew by less than 1 percent. This miniscule growth, at a time of a strong state economy, reflects the impact of tax cuts enacted between 2004 and 2006. Analysis by OK Policy reveals that without the tax cuts, income tax collections likely would have been $429 million to $590 million greater than they actually were. This additional revenue could have been invested to meet pressing state priorities.
