Last week’s announcement of April General Revenue (GR) collections seemed to signal great news for the state. Revenues were up almost $90 million, or 14.7 percent, from the same month a year ago and exceeded the estimate by 15.1 percent.…
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Note: A version of this post appeared in the Journal Record
After two years of effort, Governor Fallin and legislative leaders finally succeeded in cutting Oklahoma’s top income tax rate. For those who have been actively opposing tax cuts as…
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By:
Gene Perry
May 8, 2013 // Updated: May 1, 2019
Last week, Governor Fallin and legislative leaders announced a state budget deal for 2014 that is being considered by the Legislature as HB 2301. Here’s what you need to know.
In real dollars, appropriations remain significantly below pre-recession years
Although…
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By:
Gene Perry
May 1, 2013 // Updated: May 2, 2019
Oklahoma Policy Institute released the following statement on the Legislature’s passage of the tax cut and Capitol renovation bill, HB 2032:
The Legislature’s approval of another tax cut ignores economic reality. Because they were under pressure to restore funding to…
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As legislators consider a final vote on a tax cut that would ultimately reduce state revenues by over $230 million, the state could be facing unexpected liabilities in the hundreds of millions of dollars due to a court case challenging…
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The final House vote on the tax cut bill will likely happen tomorrow. Click here to contact lawmakers and speak out.
A new poll commissioned by OK Policy shows that a strong majority of Oklahomans oppose a plan to cut…
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The last weeks of Oklahoma’s legislative session often bring surprises as issues emerge seemingly from nowhere onto legislators’ desks. This year, one May surprise that should have legislators and the public deeply concerned is a a major but poorly-understood overhaul…
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Oklahoma Policy Institute has been an active participant in the debate over the proposed elimination or reduction of the state personal income tax. Listed below are presentations, fact sheets, blog posts, and other information we’ve prepared related to tax reform,…
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An income tax cut deal has been reached between Governor Fallin and Legislative leadership. The proposal is moving through the Legislature as HB 2032. The tax cut would do little to nothing for average Oklahomans, while taking millions away from education and other core services.
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This blog post originally ran on April 24, 2012 and is reprinted verbatim. The claim that prior tax cuts led to higher tax revenues continues to be advanced by tax cut proponents in Oklahoma. For the findings of a survey…
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