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

“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 on hundreds of thousands of low- and moderate-income taxpayers, seniors, and families with children. These families would lose a host of broad and effective state tax breaks to make way for income tax cuts that primarily benefit wealthier households.”

Read the Full Report (PDF)