Articles
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Budget & Tax
It's Time to Phase Out Oklahoma's Personal Income Tax
But achieving the goal of phasing out Oklahoma’s personal income tax is the one economic policy change which will expand economic opportunity for the majority of Oklahomans.Jonathan Small | July 2, 2014
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Budget & Tax
YOU GUEST IT: A review of Oklahoma’s 2014 legislative session
The Republican supermajorities which are in control at the Oklahoma state capitol produced a mix of policy victories and missed opportunities during the 2014 legislative session, which concluded on May 23.Dave Bond | June 25, 2014
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Budget & Tax
Pernicious view of property rights on display in energy tax debate
Arguing recently for a tax increase on Oklahoma’s energy industry, one writer for a liberal policy institute performed a valuable service by putting his philosophical cards on the table.Brandon Dutcher & Trent England | May 27, 2014
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Budget & Tax, Energy
Myths and facts: Are Oklahoma energy producers paying their ‘fair share’ in state taxes? They’re paying an awful lot
Myth: Oklahoma businesses, both large and small, that drill wells for oil and natural gas within the state are not currently paying their “fair share” of state taxes to benefit Oklahoma citizens.Jonathan Small & Dave Bond | May 20, 2014
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Budget & Tax, Energy
Myths and facts: Is Oklahoma’s one-percent tax on horizontal drilling a subsidy that created a state government budget shortfall? The answer is no
Myth: Oklahoma’s current gross production tax rate of 1 percent on horizontal and deep oil and natural gas wells is a “subsidy” for the energy industry that has caused a budget shortfall for state government.Jonathan Small & Dave Bond | May 19, 2014
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Budget & Tax, Energy
Myths and facts: Do poll results show that Oklahomans want to raise taxes on energy drilling? Far from it
Myth: Oklahomans “overwhelmingly” wish to raise taxes on oil and natural gas drilling within the state.Jonathan Small & Dave Bond | May 14, 2014
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Budget & Tax, Education
Myths and facts: Will raising Oklahoma’s gross production tax by 600 percent provide $250 million more for schools? Not likely
Myth: If Oklahoma’s gross production tax rate on horizontal and deep-well drilling for oil and natural gas is increased from 1 percent to 7 percent, Oklahoma schoolchildren will benefit from more than $250 million in additional public education spending.Jonathan Small & Dave Bond | May 13, 2014
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Budget & Tax
Myths and facts: Is Oklahoma state government experiencing a budget shortfall? The answer is no
Myth: Oklahoma is “unable to fund state services” like schools, roads, and prisons because state tax collections, appropriations, and total spending are below prior years, creating a budget shortfall.Jonathan Small & Dave Bond | May 12, 2014
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Budget & Tax
Making the best of a bad situation
Policymakers face an important decision in the last few weeks of the legislative session.Jonathan Small | May 12, 2014
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Budget & Tax
Considering both income and property taxes in ‘Oklahoma vs. Texas’ comparisons
In discussions about whether to reduce and eventually eliminate Oklahoma’s penalty on work — our state’s personal income tax — it’s often mentioned that Texas, our neighbor to the south, is an income-tax-free state.Jonathan Small | May 7, 2014