The last weeks of Oklahoma’s legislative session often bring surprises as issues emerge seemingly from nowhere onto legislators’ desks. This year, one May surprise that should have legislators and the public deeply concerned is a a major but poorly-understood overhaul…
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Oklahoma Policy Institute has been an active participant in the debate over the proposed elimination or reduction of the state personal income tax. Listed below are presentations, fact sheets, blog posts, and other information we’ve prepared related to tax reform,…
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An income tax cut deal has been reached between Governor Fallin and Legislative leadership. The proposal is moving through the Legislature as HB 2032. The tax cut would do little to nothing for average Oklahomans, while taking millions away from education and other core services.
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This blog post originally ran on April 24, 2012 and is reprinted verbatim. The claim that prior tax cuts led to higher tax revenues continues to be advanced by tax cut proponents in Oklahoma. For the findings of a survey…
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By:
Gene Perry
April 23, 2013 // Updated: May 2, 2019
OK Policy released the following statement on the latest tax cut proposal by Governor Fallin and Legislative leaders:
Since 2008, Oklahoma public schools have endured the third largest budget cuts in the nation. Out of control tax breaks contributed to…
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While most attention this year has focused on competing proposals to lower the top income tax rate and curtail tax breaks, another proposal that would cut taxes for corporations by some $50 million has been quietly making its way through…
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Download a pdf of this fact sheet here. For more information, go to our Current Budget Information page and Tax Reform Information page
State revenue collections have not fully recovered from the downturn
Tax collections are at historically low levels…
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By:
Gene Perry
April 10, 2013 // Updated: May 2, 2019
Last week, General Electric announced they would build an energy research center in Oklahoma. The company said it would employ at least 125 people in well-paid, high tech engineering jobs. GE executives said they chose Oklahoma because of proximity to…
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Not too long ago, Oklahoma seemed on the verge of enacting a far-reaching reform of the state’s special-interest tax breaks. Now, after a series of setbacks, the prospect of meaningful reform seems to have vanished.
Oklahoma offers hundreds of tax…
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By:
Gene Perry
March 25, 2013 // Updated: May 1, 2019
Two bills that would restrict the amount of bond debt that Oklahoma can take on are moving through the Legislature (HB 2195 and SJR 10). In a previous post, I discussed why debt is a normal and indispensable part of…
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