Tag: tax reform

Action Items for Oklahoma: Creating a 21st Century tax system

A new issue brief released today is the first of a seven part series by OK Policy to propose public policy action items for Oklahoma. These recommendations are aimed at improving the shared prosperity of all Oklahomans while maintaining a… Read more [More...]

The matter with Kansas

Earlier this year, while Oklahoma lawmakers were adjourning their legislative session without a final agreement on Governor Fallin’s top priority of cutting the income tax, Kansas Governor Sam Brownback was celebrating his state’s adoption of major income tax changes. Governor… Read more [More...]

Guest Blog (Ken Miller, PhD): Tax reform revisited

Ken Miller is the Oklahoma State Treasurer.  This post originally appeared as an article in the May Oklahoma Economic Report and is reprinted with permission.  Oklahoma is doing more than fine with unemployment three percentage points below the national average,… 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...]

Beware the tax shift

An idea floating around in the tax reform debate has been to swap tax credits for a reduction in the top income tax rate. That’s one of the motivations behind the tax credit task force, which has looked at reigning… Read more [More...]

Cutting the income tax is the wrong priority for Oklahoma

While some state leaders continue to discuss making top-down cuts to the income tax or eliminating it entirely, a new OK Policy issue brief shows why that policy is ill-advised. Before the economic downturn, the income tax brought in more… Read more [More...]

Interview with Michael Mazerov: Oklahoma can put an end to abusive corporate tax shelters

Michael Mazerov is a Senior Fellow with the Center on Budget and Policy Priorities, where he specializes in state and local taxation of businesses. This interview was conducted by e-mail on October 25, 2011. For additional information on combined reporting,… Read more [More...]

It's not the personal income tax

Why do some companies choose to locate their businesses  in Texas rather than Oklahoma? During the first two meetings of the Task Force on Comprehensive Tax Reform, co-chair Representative David Dank has stated repeatedly that the absence of the personal… Read more [More...]

Three reforms to modernize Oklahoma's income tax

At the first meeting of the legislature’s tax reform task force, both chairmen expressed support for making top-down cuts to Oklahoma’s income tax or eliminating it entirely. In a previous post, we explained why that’s a bad idea. In this… Read more [More...]

Summer Rerun: Back to Texas? Income tax proposal stirs up some old memories

Recently, Governor Mary Fallin made headlines for saying that while she has no immediate plans to propose more income tax cuts, her long-term goal is to do away with the income tax while finding a way to “restructure the state’s… Read more [More...]