Tag: income tax

New poll shows Oklahomans oppose income tax cut proposals

A poll released today by the Oklahoma Advocacy Project reveals strong opposition among Oklahomans to proposals for reducing and eliminating the state income tax. The poll finds that large majorities oppose a tax cut if it means less funding for… 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...]

Watch This: Is eliminating the income tax the silver bullet or fool's gold?

On April 5, OK Policy sponsored a forum of leading Oklahoma economists, economic developers, and budget experts to discuss plans to reduce or eliminate the state income tax.  The eight speakers exposed fundamental flaws in the research being used to… Read more [More...]

Guest Post (Ken Fergesen): Taxes are essential for Oklahoma's quality of life

Ken Fergesen, a resident of Altus, is Chairman of NBC Oklahoma, and is active in banking, farming, civic, social and cultural organizations.. He is a past President of the State Chamber of Commerce. I am really concerned about our State. … Read more [More...]

Guest Blog (Elizabeth McNichol): The "Texas model" is hard to follow and not all it seems

Elizabeth McNichol is a Senior Fellow at the Center on Budget and Policy Priorities specializing in state fiscal issues including methods of examining state budget processes and long-term structural reform of state budget and tax systems. This post originally appeared… Read more [More...]

Surprise! States without an income tax have higher sales and property taxes

States without an income tax rely on other taxes to fund government. Far from discovering magical, revenue boosting powers by not having an income tax, these states simply charge higher sales and property taxes. A new report from the Center… Read more [More...]

Oklahoma economists give Laffer a failing grade

The push to eliminate Oklahoma’s personal income tax relies heavily for intellectual support on a study done for the Oklahoma Council of Public Affairs by economist Arthur Laffer and his colleagues at Aduin, Laffer & Moore econometrics. Last month we… Read more [More...]

Fallin off a cliff

The tax cut plans being pushed by Oklahoma lawmakers contain plenty of bad ideas, but one may eclipse them all: Governor Fallin’s tax cliff. The tax cliff is the result of a badly designed tax bracket structure. Very few other… Read more [More...]

Betting the Farm: Ending the income tax creates huge risks for rural Oklahoma

Could doing away with Oklahoma’s income tax shift taxes not only onto low and middle–income families but also from urban areas to rural areas? Many programs, services, and incentives important for rural Oklahoma rely on our existing revenue structure and… 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...]