Oklahoma
OK Policy Blog: Tax cuts do not have to be regressive
January 7, 2013
(PDF of the Original Post) by David | March 17th, 2011 A recent OK Policy fact sheet that analyzed the distribution of benefits from cutting the state’s top personal income tax rate from 5.5 to 5.25 percent has generated considerable interest and discussion. The tax cut would have a $120 million revenue impact; the analysis […]
Oklahoma Gazette: Students cover tax cuts
January 7, 2013
(PDF of the Original Post) By Kurt Hochenauer Oklahoma college students should expect another increase in tuition costs this fall, in part, because the state Legislature will probably not stop what University of Oklahoma President David L. Boren has called an “irresponsible” tax cut. Boren reportedly made the remark in early May at a meeting […]
Toledo Blade: Revisit Ohio’s tax cuts
January 7, 2013
(PDF of the Original Post) By ZACH SCHILLER THE State of Ohio, you may have heard, has a budget problem. The state budget will be billions of dollars short in the two years that start next July 1. It’s easy to attribute this problem to the economy, and that’s certainly part of it. But a […]
Missouri Record: ‘Fair Tax’ Anything But Fair
January 4, 2013
(PDF of Original Post) November 18, 2010 08:00 AM An issue likely to be debated in the 2011 Missouri Legislative Session is the proposal to replace state income tax—both individual and corporate—with a greatly expanded sales tax. Proponents of the legislation refer to it as the “fair tax,” but Missourians should think twice because it […]
St. Louis Business Journal: Missouri would not fare well under “fair tax”
January 4, 2013
(PDF of Original Post) by Amy Blouin Date: Friday, December 3, 2010, 5:00am CST If there’s an issue “most likely to be debated” in the 2011 Missouri legislative session, it’s a proposal to replace state income taxes – both individual and corporate — with a greatly expanded sales tax. Proponents refer to it as the […]
KWGS News: Big Corporations Avoiding Taxes
December 19, 2012
(2011-12-07) OKLAHOMA CITY, OK (kwgs) – A comprehensive new study finds that many consistently profitable companies are paying little to no corporate income taxes on those profits. Out of 265 Fortune 500 companies examined, 68 managed to pay no state income tax in at least one out of the last three years, despite making almost […]
Tulsa World: Fair Share? Corporations in ‘race to the bottom’ in taxes owed
December 19, 2012
By JULIE DELCOUR Associate Editor Published: 12/11/2011 2:26 AM Last Modified: 12/11/2011 2:59 AM Oklahoma and every state that struggled mightily through recent recessionary times, might have had a far easier time had major corporations paid their fair share of state income taxes. But they did not, and that tax avoidance cost states an estimated […]
Muskogee (OK) Phoenix: Tax Credit Moratorium the Right Call
December 19, 2012
Original Post McClatchy News Editorial December 29, 2011 — The Task Force on State Tax Credits and Economic Incentives wants a one-year moratorium on all tax credits in Oklahoma while lawmakers consider the group’s recommendations for greater transparency and stricter oversight. The hole has given more attention to reports like one released earlier this month […]
The Huffington Post: State Tax Reform Legislation Likely In 15 States In 2013
December 19, 2012
(Original Post) John Celock Posted: 12/19/2012 12:59 pm EST WASHINGTON — Fifteen states are likely to see some sort of tax reform legislation in 2013, according to a study released Wednesday by the Institute on Taxation and Economic Policy. ITEP said that a series of tax reform packages, ranging from an extension of the sales […]
The American Independent: Arthur Laffer’s dynamic roadshow
December 18, 2012
(Original Post) Siddhartha Mahanta | 12.18.12 | 1:24 pm | Republishposted in Economy/Finance | Government Accountability/Reform | Politics On January 19 of this year, Kansas state Sen. Julia Lynn offered an exuberant greeting to renowned tax-cutting enthusiast Arthur Laffer. “What an honor and privilege to have you here in Kansas,” Lynn said, welcoming the fabled […]
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 […]
Wichita Eagle: Laffer’s claims about taxes, growth are empty
December 17, 2012
(Original Post) By William T. Terrell Published Wednesday, Feb. 29, 2012, at 5:25 p.m.Updated Wednesday, Feb. 29, 2012, at 5:26 p.m. It’s amazing that economist Arthur Laffer is having a great impact on attempts to alter Kansas individual income taxes, and that neither Gov. Sam Brownback nor Revenue Secretary Nick Jordan has arranged for a […]
Kansas Reporter: Will KS plan cut taxes or just shift them?
December 17, 2012
Posted on Tuesday, April 03, 2012 By Gene Meyer | Kansas Reporter TOPEKA — Gov. Sam Brownback and state lawmakers say they want to cut income taxes. So what? tax mavens say. The state government will get its money. Somewhere. Somehow. “True tax reform has to be a combination of reduced tax rates and spending […]
Tulsa World: Anti-tax group’s flawed ‘research’
December 17, 2012
LYNNE SHAW Published: 4/11/2012 2:24 AM Last Modified: 4/11/2012 3:53 AM What is the difference between serious statistical research and statistical manipulation? The foundation for all of the Oklahoma personal income tax proposals is one “study” done by the commercial and biased group of Arduin, Laffer and Moore Econometrics (ALME). Its work was published by […]
The Wichita Eagle: League of Women Voters speaks out against Kansas income tax plans
December 17, 2012
(Original Post) By BRENT D. WISTROMEagle Topeka bureau Published Saturday, April 21, 2012, at 5:33 p.m. TOPEKA — The League of Women Voters of Kansas, usually noted for their opposition to laws they feel create barriers to voting, stepped out late last week against the two income tax reduction bills being debated by House and […]
Truthout: States to Residents- Forget Promises to Restore School Funding
December 17, 2012
(Original Post) Saturday, 09 June 2012 11:12 By Mike Alberti, Remapping Debate | News Analysis When Wichita Public Schools Superintendent John Allison learned that, thanks to rising revenues, Kansas was projected to have a budget surplus of more than $300 million at the end of the year – the state’s first surplus since the recession […]
Bloomberg: States Lacking Income Tax Get No Boost in Growth
December 17, 2012
(Original Post) By Brian Chappatta on June 25, 2012 Governors seeking to expand their economies by eliminating income taxes find little support for the idea in the record of U.S. states that lack such a levy. The BGOV Barometer shows the nine states with the highest personal income taxes on residents outperformed or kept pace […]
New York Times: No Income Tax? No Boost.
December 17, 2012
(Original Post) June 26, 2012, 3:52 pmBy JULIET LAPIDOS This past February, Oklahoma Governor Mary Fallin announced a plan to phase out her state’s income tax over ten years. “We’re going to have the most pro-growth tax system in the region,” she said, according to The Wall Street Journal. Lawmakers in Kansas and Missouri have […]
Salon: Supply-side guru- Wrong again
December 17, 2012
(Original Post) More evidence that cutting taxes does not automatically lead to prosperityBy Andrew LeonardTuesday, Jun 26, 2012 11:11 AM EDT There are so many nails in the coffin containing supply-side economics that it’s hard to find room for another one, but with yet another Republican presidential candidate chanting the mantra coined by Ronald Reagan’s […]
NPR’s State Impact: Recent Study Questions “New Hampshire Advantage”
December 17, 2012
(Original Post) June 29, 2012 | 11:23 AMBy Emily Corwin A couple of weeks ago, Arthur Laffer — an economist made famous for his work in the Reagan administration — co-wrote an opinion piece for the Wall Street Journal warning that the expiration of federal tax cuts in January puts the country on the verge […]
The Oklahoman: Citizens for Tax Justice working for fair and sustainable tax system
December 17, 2012
(Original Post) “Class warfare creeps into tax cut extension debate” (Our Views, June 26) mischaracterized Citizens for Tax Justice’s views in criticizing our report about the expiring tax cuts. The CTJ report is based on numbers from the Institute on Taxation and Economic Policy’s micro-simulation model that estimates the effect of tax policy changes on […]
New York Times: To Cut Taxes or Keep Services- 2 States Act as Test Cases
December 17, 2012
(Original Post) By MICHAEL COOPERPublished: July 10, 2012 OCEAN CITY, Md. — As state governments begin to emerge from the long downturn, many are grappling with a difficult choice: should they restore some of the services and jobs they were forced to cut after the recession or cut taxes in the hopes of bolstering their […]
Arthur Laffer Regression Analysis is Fundamentally Flawed, Offers No Support for Economic Growth Claims
February 15, 2012 • By Carl Davis
A November 2011 report from the Oklahoma Council for Public Affairs (OCPA) in partnership with Arduin, Laffer & Moore, a consulting group headed by Arthur Laffer, explains the method that Laffer has been using to make the case that tax cuts lead to economic growth. The results he offers appear impressive, but his methods are […]
“High Rate” Income Tax States Are Outperforming No-Tax States
February 8, 2012 • By Carl Davis
Don’t Be Fooled by Junk Economics With the economy lagging, lawmakers seeking to reduce or eliminate state personal income taxes are touting their proposals as tools for boosting economic growth. Of particular note are the governors of Kansas and Oklahoma, both of whom justified income tax repeal in their State of the State speeches by […]
