“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…
“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…
“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…
““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…
“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…
“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…
“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…
“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…
“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…
“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…
“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…
“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…
“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…
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…
“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…
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…
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,…
“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…
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…
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…
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 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…
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…
“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,…
“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…
