Lawmakers should choose targeted relief amidst budget uncertainty

State-level budget and tax policy matters deeply for Oklahomans because it directly affects how the state can meet its obligations to our fellow residents. This includes shared services like public safety, education, transportation construction, workforce development, and other programs that… Read more [More...]

Fact Check: How much would Oklahomans save with a 0.5% personal income tax cut?

Proposal Gov. Stitt has proposed a 0.5% cut to the state’s individual income tax rate. (January 29, 2025) Related: This income tax cut would be his first proposed step to eventually eliminate the state’s personal income tax, which he calls… Read more [More...]

Everyday Oklahomans will be hurt by sweeping revenue cuts

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.”  – – – Oklahoma should… Read more [More...]

Private school tax credits will give everyone’s taxes to people who don’t need our help

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. [More...]

Flat tax, tax triggers would make Oklahoma’s tax system less fair, less adequate, and less stable

• 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… Read more [More...]

The needs of everyday Oklahomans outweigh tax cuts that benefit the wealthy

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… Read more [More...]

Lawmakers voted down a corporate income tax cut this spring. Leadership should leave it out of the budget.

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… Read more [More...]

Personal income tax cuts won’t deliver relief to low- and middle-class Oklahomans

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. [More...]

Legislators have an opportunity to make a down payment on the state’s future

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.  [More...]

Cutting taxes this year would be short-sighted and harmful

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. [More...]