February 22, 2017

The Express Star: Robbing Peter to Pay Paul

That same paper showed that the ANNUAL lost state revenue because of cuts to the top personal income tax rate enacted since 2005 is $1.022 billion PER YEAR, according to an analysis conducted for Oklahoma Policy Institute by the Institute on Taxation and Economic Policy (ITEP), a non-partisan national research organization.

So it seems like more than a coincidence that Oklahoma is facing a budget hole of nearly $1 Billion when the income tax cuts have cost our state just over $1 Billion.

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