Fact Sheets
Don’t Pay for Tax Cuts on the Backs of Working Oklahoma Families [HTML Version]
Why It’s Critical to Save the Income Tax, and What You Can Do Today [HTML Version]
Why Saving the Income Tax is Critical for…
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A new study of state tax costs on business from the Tax Foundation ranks Oklahoma fifth best in the nation for new firms and 16th best for mature firms. Among states in the region, Oklahoma ranked second lowest in business…
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By:
Gene Perry
February 29, 2012 // Updated: May 2, 2019
Oklahoma Policy Institute Director David Blatt released a statement in response to Governor Fallin’s tax plan, which will be heard in a House committee for the first time this afternoon:
As details emerge about Governor Fallin’s plan, more problems are…
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By:
David Blatt
February 27, 2012 // Updated: May 2, 2019
The personal income tax is Oklahoma’s largest single revenue source. In 2011, the state collected $2.412 billion from the personal income tax, or slightly less than one in three dollars (31.7 percent) of total state tax collections. With a strong…
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By:
David Blatt
February 22, 2012 // Updated: May 2, 2019
After three straight years of budget cuts, funding for public education in Oklahoma is in dire straits. This year’s appropriation to the Department of Education is $254 million, or 10.0 percent, less than it was in 2009. In the past…
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By:
Gene Perry
February 21, 2012 // Updated: May 1, 2019
Even as the economy recovers, it’s become increasingly apparent that there is no end in sight to Oklahoma’s budget woes. Oklahoma has seen three straight years of budget cuts, and according to one House leader, we may be in for…
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By:
David Blatt
February 20, 2012 // Updated: May 2, 2019
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. The Laffer report makes two claims: (1) that states…
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By:
David Blatt
February 19, 2012 // Updated: May 2, 2019
NOTE: This week, Oklahomans learned the state was on the hook to pay oil and gas producers $294 million over the next three years in deferred tax rebates for horizontal and deep well drilling in 2010 and 2011, an amount…
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By:
Gene Perry
February 14, 2012 // Updated: May 2, 2019
Something we often hear about Oklahoma’s tax system is that the top rate kicks in so low that it affects almost everyone. Most recently, a Tulsa World article stated:
The current comparable top rate is 5.25 percent, which kicks on…
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By:
David Blatt
February 13, 2012 // Updated: May 2, 2019
Update: We have put out a fact sheet summarizing major flaws in the Laffer report.
Do states without an income tax enjoy stronger economic growth? This is one of the central claims made by economist Arthur Laffer in a recent…
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