Tag: HB 3061

Tax cuts for some, tax hikes for others

Will Oklahoma families pay higher or lower taxes under HB 3061, the tax plan agreed to last week by Governor Fallin and legislative leaders? The answer depends on a number of variables, including household income, family size, and whether or… Read more [More...]

Flawed trigger proposal language could create serious unintended problems

In addition to an immediate cut in the top income tax rate from 5.25 to 4.8 percent,  the tax plan agreed to last week by Governor Fallin and legislative leaders includes an automatic future tax cut tied tied to revenue… Read more [More...]

The terrible thing about triggers

Lawmakers began the year promising large, immediate cuts to the income tax, but their hopes soon collided with budget reality. With state funding already falling behind Oklahoma’s needs in many areas, legislators have found no easy way to pay for… Read more [More...]

STATEMENT: Troubling new details on Governor Fallin's tax plan

Oklahoma Policy Institute Director David Blatt released a statement in response to Governor Fallin’s tax plan, which will be heard in a House committee for the first time this afternoon: As details emerge about Governor Fallin’s plan, more problems are… Read more [More...]