Without new revenue, federal deficit reduction efforts will lead to devastating cuts in federal support for education, transportation, law enforcement, the social safety net, and other state and local programs, according to a new report from the Center on Budget…
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This session, the Oklahoma legislature debated a slew of proposals to cut and, in some cases, eliminate Oklahoma’s personal income tax. While some proposals were revenue-neutral, doing away with tax credits and deductions to offset cuts to the top marginal…
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Peter Fisher is Research Director of the Iowa Policy Project. This is an abridged and edited version of a brief that was prepared as part of a larger research project critically examining several state economic competitiveness rankings published by national…
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Would an income tax cut foster so much economic growth that tax revenues would actually go up? In other words, can tax cuts pay for themselves? A new poll of 40 of America’s foremost economic experts was unable to find…
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By:
Guest
July 19, 2012 // Updated: May 2, 2019
Indivar Dutta-Gupta is a Policy Advisor for the Center on Budget and Policy Priorities (CBPP). This post originally appeared on the Off The Charts blog.
We previously showed that the Earned Income Tax Credit (EITC) for low-income workers lifts more…
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By:
Gene Perry
July 18, 2012 // Updated: May 2, 2019
Two state questions related to property taxes will be on the November ballot. SQ 758 would reduce the maximum annual increase in assessments of homes and agricultural land from 5 percent to 3 percent. SQ 766 would exempt all intangible…
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By:
Gene Perry
July 16, 2012 // Updated: May 1, 2019
This is a revised and updated version of a page from OK Policy’s Online Budget Guide authored by Paul Shinn.
[UPDATE: A previous version of this post incorrectly said that the maximum amount for the Rainy Day Fund is 15…
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Cal Hobson served in the Oklahoma Legislature from 1978-2006, including one term as Senate President Pro Tempore. This is an edited version of an article that first appeared in the Oklahoma Observer.
In my opinion, when Gov. Mary Fallin’s ill-advised…
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In the wake of three consecutive years of steep budget cuts, the number of state employees staffing correctional facilities, inspecting restaurants and nursing homes, serving victims of abuse and neglect, and performing other public functions has declined sharply.
In FY…
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By:
Gene Perry
June 20, 2012 // Updated: May 2, 2019
Middle- and low-income Oklahomans would pay somewhat more in taxes under the Congressional Republicans’ approach to extending the Bush tax cuts than they would under President Obama’s approach, while high-income Oklahomans would pay far less under the Republican approach, according…
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