Who pays state and federal taxes in Oklahoma — in 2 charts

[Update: A previous version of chart #1 incorrectly said 2011. The chart is based on 2009/2010 American Community Survey data.] 1) 44 percent of Oklahomans owed no federal income tax in 2010. The vast majority were workers, elderly, disabled, or… Read more [More...]

State Question 766: Intangible property ballot measure would have tangible consequences

This blog post was authored by Michelle Cantrell, a tax specialist residing in Tulsa One of the six ballot measures facing voters this November is State Question 766, which asks Oklahomans whether the state should have the authority to tax… Read more [More...]

Keeping it honest

In a recent blog post, we pointed out that while most core services have seen significant cuts in recent years, transportation has been spared. At a time when many state agencies were absorbing funding cuts of more than 20 percent,… Read more [More...]

Getting what we pay for

We’ve seen plenty of examples of cuts to our state’s core services in recent years, as well as chronic underfunding that is causing us to fall short of many of our common goals. One of the most dramatic examples is… Read more [More...]

Quick Take: New fiscal year off to mixed start

This week’s announcement of General Revenue (GR) collections for the first month of the new fiscal year (FY 2013) provided mixed news for both overall collections and the performance of particular major taxes. Overall GR in July was $382.7 million.… Read more [More...]

You’re doin’ fine, transportation

The past several years have put severe constraints on the state budget. State appropriations remain below their levels of four years ago.  Many state agencies have absorbed funding cuts of over 20 percent, and most have been forced to cut… Read more [More...]

Federal aid to Oklahoma under the ax in Ryan budget plan

Without new revenue, federal deficit reduction efforts will lead to devastating cuts in federal support for education, transportation, law enforcement, the social safety net,  and other state and local programs, according to a new report from the  Center on Budget… Read more [More...]

Faulty Structures: Report puts spotlight on threats to states' fiscal stability

This session, the Oklahoma legislature debated a slew of proposals to cut and, in some cases, eliminate Oklahoma’s personal income tax. While some proposals were revenue-neutral, doing away with tax credits and deductions to offset cuts to the top marginal… Read more [More...]

Guest Blog (Peter Fisher): The Doctor is Out to Lunch – ALEC recommends wrong prescriptions for state prosperity

Peter Fisher is Research Director of the Iowa Policy Project. This is an abridged and edited version of a brief that was prepared as part of a larger research project critically examining several state economic competitiveness rankings published by national… Read more [More...]

That's a Laffer! Top economists unanimously reject that tax cuts will yield higher revenue

Would an income tax cut foster so much economic growth that tax revenues would actually go up? In other words, can tax cuts pay for themselves?  A new poll of 40 of America’s foremost economic experts was unable to find… Read more [More...]