The income tax has been the top subject of debate this legislative session. Governor Fallin and some legislative leaders have promoted “bold proposals” to cut, and ultimately repeal, the state personal income tax.Yet after three straight years of budget cuts,…
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By:
Gene Perry
April 4, 2012 // Updated: May 2, 2019
Elizabeth McNichol is a Senior Fellow at the Center on Budget and Policy Priorities specializing in state fiscal issues including methods of examining state budget processes and long-term structural reform of state budget and tax systems. This post originally appeared…
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By:
Gene Perry
April 3, 2012 // Updated: May 2, 2019
As they ponder plans to cut Oklahoma’s top income tax rate, most lawmakers admit the state cannot afford a cut without eliminating many other tax breaks. They emphasize that we should close loopholes for corporate “special-interests.” Yet as details of…
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Plans for more income tax cuts are threatening tax benefits that are important for hundred of thousands of Oklahoma families, according to a new Oklahoma Policy Institute issue brief. The at-risk credits include the state Earned Income Tax Credit (EITC),…
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Eliminating the Income Tax: Silver Bullet or Fool’s Gold?
A policy forum held on April 5, 2012 at the Oklahoma History Center
PROGRAM
SPEAKERS BIOS
VIDEO
Highlight reel (10 minutes) [Transcript]
Part 1: Welcome, Scott Meacham, Deidre Myers, Jonathan Willner…
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In the final days of the 2010 session, when legislative leaders were faced with historic revenue shortfalls and were desperate for ways to balance the budget, a deal was struck with representatives of the energy industry on oil and gas…
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Republican leadership in the House and Senate, along with the Governor’s Office, have appointd working groups to develop a final tax bill. The working group has 11 House members and two Senators, along with Secreraty of State Glenn Coffee and…
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By:
Gene Perry
March 22, 2012 // Updated: May 2, 2019
States without an income tax rely on other taxes to fund government. Far from discovering magical, revenue boosting powers by not having an income tax, these states simply charge higher sales and property taxes.
A new report from the Center…
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As Oklahoma’s tax debate unfolds, it has been encouraging to hear a rising chorus of influential voices insist that any tax plan must be revenue neutral. Given deep cuts that state agencies have absorbed in recent years and the long-term…
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The push to eliminate Oklahoma’s personal income tax relies heavily for intellectual support on a study done for the Oklahoma Council of Public Affairs by economist Arthur Laffer and his colleagues at Aduin, Laffer & Moore econometrics. Last month we…
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