NOTE: Policy Fellow Josie Phillips contributed to this analysis
Cutting the corporate income tax — which was proposed in the failed House Bill 4358 — overwhelmingly benefits wealthy and out-of-state corporations over everyday Oklahomans and locally owned businesses. The Senate…
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Oklahoma lawmakers this session are considering a measure (House Bill 3353) that would strengthen the value of Oklahoma’s Sales Tax Relief Credit — commonly known as the “grocery tax credit” — to provide meaningful, targeted relief to the Oklahomans who most need it.
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By:
Emma Morris
April 20, 2022 // Updated: May 10, 2022
Cuts to the individual income tax rate are unfair to low- and middle-class families since they return the largest benefit to the wealthiest Oklahomans. Tax cuts now can devastate state revenue and funding for services like public education in future…
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By:
Emma Morris
April 11, 2022 // Updated: April 11, 2022
Oklahoma is in a unique position this year to make a downpayment on the future of our state. Premature tax cuts will set the state up to fail; investments will allow us to thrive.
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By:
Emma Morris
March 17, 2022 // Updated: March 25, 2022
This legislative session, the Oklahoma legislature is set to consider several proposals that would significantly cut state revenue. Rather than cutting taxes, legislators must consider the state’s long-term fiscal health and its structural deficit by maintaining revenue streams this year and for years to come.
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Allowing these workers the opportunity to receive the tax credit can put money back into our state and local economies. Our state should end state-level EITC exclusion for ITIN filers who pay their fair share in taxes and allow them to receive the tax credit they’ve earned.
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In this year’s legislative session, it is more important than ever that we respond to the needs of Oklahomans and invest in an economy that works for everyone. For far too long, corporations across the state have enjoyed tax breaks and cuts while 1 in 5 of our state’s children grow up in poverty.
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By:
Emma Morris
February 23, 2022 // Updated: February 22, 2022
Lawmakers should consider significantly expanding the Sales Tax Relief Credit that would provide targeted tax relief to Oklahomans who need it, cost less revenue, and give lawmakers more flexibility to raise revenue in the future.
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By:
Emma Morris
February 7, 2022 // Updated: February 10, 2022
At a time when many Oklahomans are struggling to put food on the table and are at risk of eviction, a more robust Sales Tax Relief Credit can help put money back into the pockets of those who need it most. Doing so would bolster family finances, make purchasing food more cost-effective, and stimulate our local economies.
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By:
Dave Hamby
January 26, 2022 // Updated: February 16, 2022
A new report from the Oklahoma Policy Institute shows that Oklahoma is among the nation’s least transparent states when engaging its residents during the development of the annual state budget.
OK Policy’s new “Focus on Transparency” report serves as a…
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