Targeted tax credits can be used as a tool to fight poverty in Oklahoma. The tax system is a critical part of the safety net with more than a third of all public support for U.S. families delivered through tax provisions. Hence, tax credits can drastically decrease poverty.
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By:
Emma Morris
May 10, 2022 // Updated: April 18, 2024
Oklahoma lawmakers this session are considering a measure (House Bill 3353) that would strengthen the value of Oklahoma’s Sales Tax Relief Credit — commonly known as the “grocery tax credit” — to provide meaningful, targeted relief to the Oklahomans who most need it.
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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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Allowing these workers the opportunity to receive the tax credit can put money back into our state and local economies. Our state should end state-level EITC exclusion for ITIN filers who pay their fair share in taxes and allow them to receive the tax credit they’ve earned.
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In this year’s legislative session, it is more important than ever that we respond to the needs of Oklahomans and invest in an economy that works for everyone. For far too long, corporations across the state have enjoyed tax breaks and cuts while 1 in 5 of our state’s children grow up in poverty.
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By:
Emma Morris
February 23, 2022 // Updated: May 27, 2022
Lawmakers should consider significantly expanding the Sales Tax Relief Credit that would provide targeted tax relief to Oklahomans who need it, cost less revenue, and give lawmakers more flexibility to raise revenue in the future.
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By:
Emma Morris
February 7, 2022 // Updated: May 27, 2022
At a time when many Oklahomans are struggling to put food on the table and are at risk of eviction, a more robust Sales Tax Relief Credit can help put money back into the pockets of those who need it most. Doing so would bolster family finances, make purchasing food more cost-effective, and stimulate our local economies.
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By:
Paul Shinn
June 11, 2021 // Updated: June 11, 2021
Families are the backbone of our society and economy, but too many Oklahoma families cannot keep up. Many Oklahoma jobs pay less than a quarter of what it takes to support a family.
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By:
Paul Shinn
February 3, 2021 // Updated: June 1, 2021
OK Policy’s simulator is a menu-driven Microsoft Excel worksheet in which users input details about a family to see how assistance programs help them at various hours of work and hourly wages.
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By:
Paul Shinn
December 18, 2020 // Updated: December 18, 2020
The report shows how many Oklahomans need assistance from these programs and how the programs lift many out of poverty. It shows how programs interact to make resources available to families.
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