Articles
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Budget & Tax, Health Care, Good Government
Free Market Friday: Invention of a crisis
The predictions were dire. Nursing homes and hospitals would close. Pregnant women in labor wouldn’t receive care. Thus the story told by state agency officials and lobbyists for big hospital corporations. The only way to prevent catastrophe was to raise taxes and massively expand Medicaid to able-bodied adults.Jonathan Small | May 27, 2016
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Budget & Tax, Education
Free Market Friday: The $7,000 teacher pay raise
University of Oklahoma President David Boren is promoting a sales tax increase to finance a $5,000 pay raise for all teachers and $125 million for higher education.Jonathan Small | April 1, 2016
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Budget & Tax, Culture & the Family
What’s the matter with GDP?
When it comes to measuring the true progress of our society, this particular metric leaves a lot to be desired.Wendy Warcholik, Ph.D. | March 7, 2016
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Budget & Tax
State Employees Can Help Solve Oklahoma’s Budget Crunch
The recent media coverage of the state’s budget condition has resulted in a plethora of ideas on how to deal with the situation. Some of the ideas have merit, while others (such as raising taxes) are simply counterproductive. There are plenty of sensible solutions which don’t involve extracting more money from our fellow citizens.Steve Anderson | March 4, 2016
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Budget & Tax
Free Market Friday: Hurting smokers
Session has begun and tobacco users are in bureaucrats’ crosshairs. Tax consumers desire a massive cigarette tax increase to maintain government spending that our private sector economy cannot sustain.Jonathan Small | February 12, 2016
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Budget & Tax
With Budget Crunch Upon Us, It's Time to Right-Size Government
In 2016, it’s time for policymakers to get serious about “right-sizing” government. When it comes to government spending in Oklahoma, the 800-pound gorilla in the room that many people ignore is this simple question: Should government grow faster than the private sector’s ability to pay?Jonathan Small | February 1, 2016
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Budget & Tax
Gradual Income-Tax Phaseout Will Boost Oklahoma
We are proposing a tax reform for Oklahoma that would reduce Oklahoma's personal income tax rate by 0.25 percentage points each year over the next 20 years. This proposal would ensure adequate revenues for the state, impose fiscal discipline on spending, and, most importantly, improve the incentives to work, save, and produce in Oklahoma. These improved incentives will accelerate the state's economic growth rate and help diversify Oklahoma's economy.Jonathan Small & Wayne Winegarden | February 1, 2016
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Budget & Tax
Free Market Friday: Politics of envy
President Obama was supposed to unite. In 2008 University of Oklahoma President David Boren endorsed Obama, saying: “Our most urgent task is to end the divisions in our country, to stop the political bickering, and to unite our talents and efforts. Americans of all persuasions are pleading with our political leaders to bring us together. I believe Senator Obama is sincerely committed to that effort. He has made a nonpartisan approach to all issues a top priority.”Jonathan Small | January 15, 2016
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Budget & Tax, Criminal Justice
Free Market Friday: Safety through empowerment
It’s time to make Oklahoma better by getting people back to work and families back together.Jonathan Small | December 18, 2015
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Budget & Tax
The private-sector battle: Oklahoma vs. Texas
In terms of sheer economic size, there is no more important neighbor to Oklahoma than Texas. So it is a very useful exercise to compare and contrast the two states to see what Oklahoma policymakers can learn. Of course, it is well known that, unlike Oklahoma, Texas does not levy a broad-based individual or corporate income tax (though Texas does levy a gross receipts tax on certain industries). Has the absence of an income tax made a difference in the course of the Texas economy? The answer is a resounding yes.Jonathan Small, J. Scott Moody & Wendy Warcholik, Ph.D. | December 16, 2015