Institute on Taxation and Economic Policy

ITEP Work in Action

Oklahoma Policy Institute: Speak out against irresponsible tax cuts

April 26, 2013

An income tax cut deal has been reached between Governor Fallin and Legislative leadership. The proposal is moving through the Legislature as HB 2032. This fact sheet explains what’s in the latest deal and how it will affect Oklahomans. Read the Full Report

Oklahoma Policy Institute: What’s unaffordable?

February 26, 2013

The Governor’s assertion that extending Medicaid is unaffordable to Oklahoma is unconvincing in at least two respects. First, the study on which she bases her cost estimates makes clear that extending Medicaid would have a very modest fiscal cost to the state and would bring in over twelve new federal dollars for every additional dollar […]

Oklahoma Policy Institute: Governor Fallin’s tax cut would do little to nothing for the average Oklahoman

February 19, 2013

In her State of the State address, Governor Fallin unveiled yet another proposal to cut Oklahoma’s income tax. Her plan is drastically scaled back from last year’s proposal, which attempted to stretch out Oklahoma’s tax brackets, cut the top rate in half, and eliminate dozen of tax credits, exemptions, and deductions. This year, the Governor […]

Oklahoma Policy Institute: Oklahoma’s Tax Cuts: Who Benefits?

January 15, 2013

Tax cuts enacted between 2004 and 2006 will reduce Oklahoma’s revenues by more than $800 million when fully phased-in. Among the many tax cuts, the two largest involved cutting the top personal income tax rate and raising the standard deduction. Read the Full Report (PDF)

Oklahoma Policy Institute: Giving Credit Where Credit is Due: Boosting the Grocery Tax Credit Would Provide Targeted Help for Struggling Families

January 15, 2013

The family budgets of low- and moderate-income Oklahomans are under increasing strain from the rapidly rising costs of such essentials as food, fuel and utilities. Food costs rose 5.9 percent over the past year, according to the government’s August inflation data. Price increases have been particularly steep for such dietary staples as dairy (6.4 percent […]

Oklahoma Policy Institute: The Tax Shift

December 17, 2012

“On the last Friday of 2011, the legislature’s tax reform task force released its proposals for changing Oklahoma’s tax system. The most significant recommendation was to cut the top income tax rate from 5.25 percent to 4.75 percent. This would be paid for by eliminating numerous tax credits and exemptions, including broad-based credits going to […]

Oklahoma Policy Institute: The “Tax Cut” Bait and Switch

December 17, 2012

“As they ponder plans to cut Oklahoma’s top income tax rate, most lawmakers admit the state cannot afford a cut without eliminating many other tax breaks. They emphasize that we should close loopholes for corporate “special-interests.” Yet as details of their plans emerge, we’ve discovered that the biggest cost would fall not on special-interests, but […]