Oklahoma
OKlahoma Watch: Budget Crisis Clips Credit For Working Poor
May 23, 2016
“A data analysis by the Institute on Taxation and Economic Policy shows that the measure would eliminate Oklahoma’s credit for about 130,000 households, reduce its benefits for about 70,000 and leave it untouched for another 130,000.” Read more
Oklahoma News on 6: Oklahoma Budget Crisis Clips Credit For Working Poor
May 23, 2016
“A data analysis by the Institute on Taxation and Economic Policy shows that the measure would eliminate Oklahoma’s credit for about 130,000 households, reduce its benefits for about 70,000 and leave it untouched for another 130,000.” Read more
The Oklahoman: Plan to raise Oklahoma’s sales tax has supporters, detractors
May 23, 2016
“Some critics of raising the sales tax say it hits low-income families the hardest while others argue the debate should not be framed as low versus high-income residents. “Low income families have to spend most or all of what they earn to make ends meet and what they are spending is subject to sales tax,” […]
Tulsa World: Tax credit for working poor targeted by Oklahoma legislators
May 23, 2016
““It’s one of the most valuable antipoverty programs on the books today,” said Carl Davis, research director of the Institute on Economic Policy and Taxation. “This is very much a tax credit designed to benefit working families.”” Read more
Oklahoma Policy Institute: New bill would devastate a key tax credit for Oklahoma working families
May 13, 2016
“Yesterday, a letter signed by more than 150 Oklahoma clergy was delivered to lawmakers and Governor Fallin, urging them not to slash key tax credits for working families to fix the state’s revenue problems. They were joined by numerous non-profit and foundation leaders who spoke out against cuts to the Earned Income Tax Credit, Child/Child […]
Enid News: New budget plans would go after low-income parents
May 5, 2016
“A plan being discussed by Legislative leaders would eliminate the Child Tax Credit and reduce by one-fourth the Earned Income Tax Credit and the Sales Tax Relief Credit. This would shift taxes onto those families who were largely left out of Oklahoma’s income tax cuts, and it would have the worst impact on families raising […]
Norman Transcript: Not overtaxed
May 3, 2016
“In a study recently conducted by a respected Washington think tank, the Institute on Taxation and Economic Policy, income tax cuts over the past decade in Oklahoma reduced this year’s revenue by about $1 billion dollars.” Read more
Oklahoma Policy Institute: High-income surcharge would help solve budget emergency
April 15, 2016
“The evidence is now undeniable that Oklahoma is facing a full-fledged emergency. With each passing day, the toll of budget cuts on Oklahoma families, schools, businesses, and communities becomes more alarming. Given the enormity of the budget shortfall, it’s widely understood that the budget can’t be balanced primarily through deeper spending cuts. The income tax […]
The Oklahoman: Oklahoma budget work is ongoing, lawmaker says
March 30, 2016
“Meantime, if the Legislature doesn’t find a source for new revenue, voters may get a chance to do so themselves. A measure to increase the state sales tax rate by one penny to better fund education is likely to be on the November ballot. The Institute on Taxation and Economic Policy estimates those making […]
Tulsa World: Julie DelCour: Measuring Up: ‘DOTs’ hope for a ‘Road to Damascus’ moment
February 22, 2016
“Last year, the Institute on Taxation and Economic Policy reported that 20 states have gone a decade or more without an increase in their gasoline tax rate; 15 states had gone two decades or more. And five states, including Oklahoma, had not seen an increase in their gasoline tax rate since the 1980s or earlier. […]
Tahlequah Daily Press: Penny sales tax a bad idea
February 10, 2016
“The Institute on Taxation and Economic Policy did an analysis of Oklahoma’s tax system, showing an average low-income family spends about 10 percent of its budget on state and local taxes, compared with about 4 percent for high-income families. This is shifting more and more of the burden of funding government to those who can […]
Oklahoma Watch: Study Finds a Decade of Income Tax Cuts Deprived State of $1B This Year
January 12, 2016
“Income tax cuts approved by governors and legislators of both parties over the past decade reduced this year’s state revenue collections by more than $1 billion, according to an independent data analysis. The calculation by the Institute on Taxation and Economic Policy in Washington suggests that past income tax cuts contributed significantly to the state’s […]
Oklahoma Policy Institute: The Cost of Tax Cuts in Oklahoma
January 12, 2016
“Due to these cuts, Oklahoma’s top income tax rate has been slashed by almost a fourth, from 6.65 percent before 2004 to 5 percent beginning in 2016. The annual revenue loss from these cuts has now reached $1.022 billion, according to an analysis prepared for OK Policy by the Institute on Taxation and Economic Policy. […]
KSWO: Oklahoma Retailers Expect Soaring Sales on Sales Tax Holiday
August 10, 2015
Oklahoma retailers are stocking their shelves as they prepare for the state’s annual sales tax holiday on back-to-school clothing and shoes. But tax policy analysts say it’s little more than a gimmick. Matthew Gardner, executive director at the Institute on Taxation and Economic Policy, says sales tax holidays provide no long-term tax relief to consumers. […]
Washington Times: Oklahoma Retailers Expect Soaring Sales on Sales Tax Holiday
August 7, 2015
“The bottom line is that whatever policy goal you want to achieve through a sales tax holiday, there are probably better ways to achieve those goals,” said Matthew Gardner, executive director at the Institute on Taxation and Economic Policy. Gardner said sales tax holidays provide no long-term tax relief to consumers. The institute believes greater […]
Huffington Post: How Some States Are Trying To Fix Their Crumbling Infrastructure
July 6, 2015
Carl Davis, research director at the Institute on Taxation and Economic Policy, said efforts to raise state taxes to pay for roads and bridges exploded this year. In 2013 and 2014, four states (Massachusetts, New Hampshire, Vermont and Wyoming) increased their gas taxes, while Maryland, Pennsylvania and Rhode Island indexed the gas tax to either […]
Oklahoma Policy Institute: Halt the Tax Cut
March 31, 2015
The cut to the top income tax rate will provide minimal benefit to all but the wealthiest Oklahomans. The average middle-income household will see its taxes lowered $31 a year, or $2.60 per month. Forty percent of households will get no benefit at all. Yet the cut will add some $50 million to the budget […]
Oklahoma Policy Institute: This nonsensical ‘double dipping’ tax break is costing Oklahoma millions
March 12, 2015
“Disallowing just the deduction for state income tax would yield the state $97 million, according to an analysis by the Institute for Taxation and Economic Policy. Only one in four households (24 percent) would be affected at all by this tax change. Over half of the $97 million in new revenue – 58 percent – […]
Oklahoma Policy Institute: Low- and middle-income Oklahomans pay highest state and local taxes
January 21, 2015
A new study released today by the Institute on Taxation and Economic Policy (ITEP) and Oklahoma Policy Institute finds that low and middle-income Oklahomans pay over two times more in taxes as a percentage of their income compared to the state’s wealthiest residents. The study, “Who Pays?”, analyzes tax systems in all 50 states and […]
The Oklahoman: Tax Burden Is Heave for Many Oklahomans
January 20, 2015
TAX cut opponents often argue that Oklahoma already has a relatively low tax burden. A new report by the Institute on Taxation and Economic Policy (ITEP) shows this is not true for many families. The ITEP study — “Who Pays?” — analyzes tax systems in all 50 states and factors in all major state and […]
Tulsa World: The Poor Pay More
January 20, 2015
The poor pay more. State taxes favor the wealthy. Every state and local tax system is regressive. Those provocative conclusions, reached in a controversial new study, are going to ignite a fiery debate over who’s really the most overburdened by state and local taxes and whether existing tax systems do as much harm as good. […]
Norman Transcript: Report Show Low-Income Oklahomans Pay Highest State Taxes
January 20, 2015
A new study released by the Institute on Taxation and Economic Policy (ITEP) and Oklahoma Policy Institute finds that low- and middle-income Oklahomans pay more than two times more in taxes as a percentage of their income compared to the state’s wealthiest residents. The study “Who Pays?” analyzes tax systems in all 50 states […]
Tulsa World: Oklahoma has the 16th most unfair state and local sales tax system
January 16, 2015
Oklahoma has the 16th most unfair state and local tax system in the country, says a report released Wednesday. In Oklahoma, the bottom 80 percent of taxpayers are paying between 8.6 percent and 10.5 percent of their incomes in state and local taxes, according to the “2015 Who Pays: A Distributional Analysis of the Tax […]
The Edmond Sun: Low, middle-income Oklahomans pay highest taxes
January 16, 2015
“Low and middle-income Oklahomans pay more than two times more in taxes as a percentage of their income compared to the state’s wealthiest residents, a new study finds. On Wednesday, the Institute on Taxation and Economic Policy and the Oklahoma Policy Institute released “Who Pays?” The study analyzed state tax systems and factors in all […]
Public Radio Tulsa: Oklahoma Tax System Called “Unfair”
January 15, 2015
“Results from a new study claim Oklahoma’s tax system is unfair to the great majority of its’ citizens. The report, from the Institute on Taxation and Economic Policy, finds low and middle-income Oklahomans pay over two times more in taxes as a percentage of income than the wealthiest residents. Gene Perry is with the Oklahoma […]
