By:
Gene Perry
May 16, 2017 // Updated: May 1, 2019
With fewer than two weeks left in Oklahoma’s legislative session, we still have little idea of what the state budget will look like. The budget is the single most important responsibility of lawmakers, but we’re again expecting a last-minute deal that will be…
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As the budget debate has intensified in recent weeks, legislators and advocates have heard dramatically different estimates of how much additional revenue could be raised by ending or reducing the special tax rate for oil and gas production. Some have…
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Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol.
With only two weeks of session remaining (one week to pass revenue bills), legislators seem determined to…
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By:
Gene Perry
May 11, 2017 // Updated: May 2, 2019
Last night, the Oklahoma Council on Public Affairs released a statement attacking the credibility and integrity of Oklahoma Policy Institute and the Institute on Taxation and Economic Policy (ITEP). They claim that a “Number of the Day” we cited from a…
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With only a couple of week lefts in the Legislative session, lawmakers are scrambling to put together a budget that avoids devastating cuts to Oklahoma communities. The latest revenue idea to emerge is to limit itemized deductions to $17,000 per tax return,…
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With less than three weeks left in the legislative session, there is still no overall budget agreement. Facing a budget hole of close to $1 billion, a bipartisan consensus has emerged at the Capitol on the need for substantial new…
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By:
Gene Perry
May 8, 2017 // Updated: May 2, 2019
Oklahoma Policy Institute released a statement in response to the Legislature’s final passage of SB 170, a bill to repeal an automatic income tax cut trigger:
The repeal of this tax cut is a milestone. After years of promises that…
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Steve Lewis served as Speaker of the Oklahoma House of Representatives from 1989-1991. He currently practices law in Tulsa and represents clients at the Capitol.
Several revenue-raising measures were introduced last week, and at least some will soon be making…
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By:
Gene Perry
May 3, 2017 // Updated: May 1, 2019
Oklahoma lawmakers have just a few more weeks to balance the state budget. Their budget decisions are deeply important for Oklahomans’ lives, yet with so many budget needs and revenue proposals flying around, it can be hard for the average voter to…
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By:
Gene Perry
May 2, 2017 // Updated: May 2, 2019
When Oklahomans filed their state income taxes in 2016, more than 70 percent of households used the standard deduction, which was $6,300 for individuals and $12,600 for married couples filing jointly. The remaining households itemized their deductions, adding up deductions for mortgage…
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