There’s still no free lunch: Impact of massive tax cuts in Kansas offers a warning to Oklahoma

As Oklahoma considers tax cuts similar to those that took effect in Kansas last year, a new report shows that following in Kansas’s footsteps is a bad idea.  Kansas’s massive tax cuts have failed to improve the state’s economic performance,… Read more [More...]

Filling the Hole: Options for a balanced approach to the state budget shortfall

The Board of Equalization has certified that legislators will have $188 million less for next year’s budget compared to this year.  In her FY 2015 Executive Budget, Governor Fallin proposed an overall cut of 1.9 percent across all of state… Read more [More...]

Filling the Budget Hole: Options for a Balanced Approach

Despite a drop in revenue certified as available for next year’s budget, a new report from Oklahoma Policy Institute shows that budget cuts are not inevitable. [More...]

Graph of the Day: State tax rates and drilling activity show no correlation

In recent years there has been a tremendous growth of horizontal drilling for oil and gas across the United States.  In Oklahoma, this has led to growing concern that the state’s tax breaks for horizontal drilling are growing out of… Read more [More...]

Poll: Support for tax cuts has dropped significantly

A new poll shows that over the last year, support for cutting Oklahoma’s personal income tax has dropped significantly among voters statewide, and less than half now support the plan to reduce the state’s top rate. Support drops even further… Read more [More...]

Three trends to watch from Oklahoma’s Annual Report

Every year Oklahoma compiles a Comprehensive Annual Financial Report (CAFR), which details where the state’s money came from and how it was spent. The CAFR provides a big picture view of everything our state government is doing. Here are three… Read more [More...]

Priority for Oklahoma: Curb Unnecessary Tax Breaks

As part of the Together Oklahoma coalition, OK Policy has developed four top priority issues for this year’s Legislative session. These priorities have been identified as practical, politically achievable steps to move us toward lasting, broad-based prosperity. One of these… Read more [More...]

Priority for Oklahoma: Protect Essential Revenues

As part of the Together Oklahoma coalition, OK Policy has developed four top priority issues for this year’s Legislative session. These priorities have been identified as practical, politically achievable steps to move us toward lasting, broad-based prosperity. One of these… Read more [More...]

STATEMENT: Tax cut defies economics and common sense

Oklahoma Policy Institute released the following statement in response to the House passage of HB 2508 to schedule more personal and corporate income tax cuts for 2016: More tax cuts that will provide little or no benefit to most people… Read more [More...]

Latest tax cut proposals would leave budget decisions on auto-pilot

The Oklahoma Senate and House of Representatives are both considering bills to cut Oklahoma’s top income tax rate in future years based on revenue targets, or triggers. Pushing tax cuts into the future and making them conditional on triggers is… Read more [More...]