Yesterday the legislature passed the FY 2015 General Appropriations bill, which funds state government for the upcoming year on the basis of an agreement reached by Governor Fallin and legislative leaders. While negotiators were clearly dealt a tough hand in…
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By:
Gene Perry
May 22, 2014 // Updated: May 2, 2019
Oklahoma Policy Institute released the following statement in response to the Legislature voting to make permanent a multimillion dollar tax break for horizontal drilling:
This bill continues a huge, unnecessary subsidy for drilling that would have happened without the subsidy.…
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HB 2562 would make permanent a huge tax break for oil and gas production by taxing all drilling at just 2 percent for the first 3 years of production. Extending and expanding the current tax break is unnecessary for the…
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By:
Gene Perry
May 16, 2014 // Updated: May 2, 2019
Oklahoma Policy Institute released the following statement in response to Oklahoma’s FY 2015 budget deal:
The budget deal is fiscally irresponsible and will do serious harm to Oklahoma’s most vulnerable citizens and those who care for them. Even in a…
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In a year’s time, a temporary tax break that reduces the tax paid on horizontal oil and gas production from 7 percent to 1 percent for 48 months is set to expire. Executives from the three largest Oklahoma-based companies that…
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By:
Guest
May 9, 2014 // Updated: May 2, 2019
Howard Koerth is an artist and Professor of Art at Rose State College in Midwest City. An earlier version of this post appeared as a letter in the Oklahoma Gazette.
Taxes in our society operate like a pot luck dinner;…
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By:
Gene Perry
May 7, 2014 // Updated: May 2, 2019
A new infographic from Together Oklahoma, a coalition which includes Oklahoma Policy Institute, shows why Oklahoma needs to reign in a tax break for horizontal drilling.
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In mid-April, State Finance Director Preston Doerflinger sent a letter to state agency directors alerting them to “the possibility of a revenue failure declaration for Fiscal Year 2014… following unusually weak General Revenue Fund (GRF) collections in February and March.”…
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By:
Gene Perry
May 1, 2014 // Updated: May 2, 2019
Oklahoma Policy Institute released the following statement on reports that state leaders are arranging a deal with oil and gas executives to extend the horizontal drilling tax break to all wells at 2 percent for four years:
Expanding this unnecessary…
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By:
Gene Perry
April 29, 2014 // Updated: May 2, 2019
By most measures of the economy, Oklahoma shouldn’t have a budget shortfall this year. At a time when the economy is improving nationwide and most states are debating what to do with budget surpluses, Oklahoma lawmakers are looking at creating…
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