By:
Emma Morris
September 14, 2023 // Updated: September 28, 2023
NOTE: On Sept. 11, 2023, Gov. Stitt called for a special session in October 2023 to address tax reforms. One of the items included in the governor’s request was a “path to zero income tax.”
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Oklahoma should…
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By:
Paul Shinn
August 16, 2023 // Updated: November 20, 2023
While this program could make private and homeschooling more practical or affordable for a few families, taxpayers will mostly be paying for people to do what they were willing to pay for on their own. As a result, we’ll be handing millions of tax dollars to the most well-off among us while propping up private schools, whose enrollment has stagnated in recent years.
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• Current Tax Cut Proposals Don’t Help Most Oklahomans [Printable PDF]
With less than two weeks left in the 2023 legislative session, lawmakers have very little time remaining to reach agreement on, reveal, and adopt the Fiscal Year 2024 state…
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By:
Emma Morris
February 6, 2023 // Updated: February 6, 2023
As Oklahoma’s 2023 legislative session begins, the perennial push for tax cuts that would shrink state revenue will likely return. In 2022, leaders of the Oklahoma House of Representatives championed tax cuts – primarily focusing on reducing the personal income…
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NOTE: Policy Fellow Josie Phillips contributed to this analysis
Cutting the corporate income tax — which was proposed in the failed House Bill 4358 — overwhelmingly benefits wealthy and out-of-state corporations over everyday Oklahomans and locally owned businesses. The Senate…
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By:
Emma Morris
April 20, 2022 // Updated: May 27, 2022
Cuts to the individual income tax rate are unfair to low- and middle-class families since they return the largest benefit to the wealthiest Oklahomans. Tax cuts now can devastate state revenue and funding for services like public education in future years.
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By:
Emma Morris
April 11, 2022 // Updated: April 11, 2022
Oklahoma is in a unique position this year to make a downpayment on the future of our state. Premature tax cuts will set the state up to fail; investments will allow us to thrive.
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By:
Emma Morris
March 17, 2022 // Updated: June 14, 2022
This legislative session, the Oklahoma legislature is set to consider several proposals that would significantly cut state revenue. Rather than cutting taxes, legislators must consider the state’s long-term fiscal health and its structural deficit by maintaining revenue streams this year and for years to come.
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The $8.3 billion budget represents a modest increase from last year’s pandemic low. However, rather than trying to change Oklahoma’s overall trajectory through smart spending choices, lawmakers enacted tax cuts that will largely benefit out-of-state corporations, high-income households, and special interests.
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By:
Paul Shinn
April 7, 2021 // Updated: April 6, 2021
Lawmakers should set aside both of these bills and have a broader discussion about whether it's more important to broadly cut taxes than to provide public services, invest in our state’s future, save for the next economic downturn, or provide better-targeted tax reduction.
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