In addition to an immediate cut in the top income tax rate from 5.25 to 4.8 percent, the tax plan agreed to last week by Governor Fallin and legislative leaders includes an automatic future tax cut tied tied to revenue…
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NOTE: This post has been updated as new information becomes available
Yesterday, the Governor and legislative leaders announced agreement on a ‘joint proposal for income tax reduction and tax code simplification’. (Click here for a summary and here for HB…
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Oklahoma Policy Institute released the following statement in response to the tax plan from Governor Fallin and Republican legislators:
We are glad to see that Governor Fallin and legislators have backtracked significantly from the most reckless tax cut proposals they…
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This post was written by Nick Johnson, Vice President for State Fiscal Policy with the Center on Budget and Policy Priorities. This originally appeared on the Center’s Off the Charts blog and is reposted with permission.
Yesterday’s Wall Street Journal…
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As reported in CapitolBeatOK, a group of 30 prominent business executives, civic leaders and philanthropists recently sent an open letter to the Governor, Speaker and Senate Pro Tem urging them not to adopt a trigger mechanism that would lead to…
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By:
Gene Perry
May 16, 2012 // Updated: May 2, 2019
In all of the major income tax proposals this year (including the plan announced yesterday by Senate Republicans), the Earned Income Tax Credit (EITC) has been targeted for elimination. That’s strange, because lawmakers have made no clear argument for why we should lose this…
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By:
Gene Perry
May 15, 2012 // Updated: May 2, 2019
Oklahoma Policy Institute Director David Blatt released the following statement in response to new details from Senate Republicans about their tax plan:
We commend the Senate Republicans for committing to the principles that tax cuts must be paid for and…
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A key question in the income tax debate has been whether tax cut supporters were taking a “responsible” approach in their proposals. They have worked hard to convince Oklahomans that we can afford tax cuts without disrupting core services.
Revenue…
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Proposals being considered by the Governor and legislative leaders would offset a cut to Oklahoma’s top personal income tax rate by eliminating one or more broad-based state tax credits that are claimed by hundreds of thousands of working Oklahoma families.…
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A poll released by the Oklahoma Advocacy Project shows strong opposition among Oklahomans to reducing and eliminating the state income tax. The poll finds that large majorities oppose a tax cut if it means less funding for schools, roads, and…
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