Articles
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Budget & Tax
Tax Cuts in Oklahoma and Kansas Fuel Small Businesses
Over the last decade, Oklahoma has been one of the most aggressive states in the country when it comes to reducing the burden of taxes on taxpayers. Since 2002, the top marginal individual income tax rate has fallen significantly—by 22 percent—to 5.25 percent from 6.75 percent.J. Scott Moody & Wendy Warcholik, Ph.D. | September 12, 2014
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Budget & Tax
Free Market Friday: Upsetting the status quo
Invention and innovation are disruptive. Just ask the makers of typewriters, rotary-dial telephones, or –increasingly – desktop computers. Economist Joseph Schumpeter called this process creative destruction.Michael Carnuccio | September 5, 2014
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Budget & Tax
Transportation regulations: dangerous and ineffective
Oklahoma prides itself as a place where people are free to do business. We should know better than to increase regulations in the name of “fairness” and a false kind of “competition”.Lauren Aragon | September 4, 2014
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Budget & Tax
Paul Krugman: Wrong on Taxes, Wrong on Kansas
Looking at the performance of the nine states with no income taxes versus the nine states with the highest income taxes, the performance results are fairly clear: no-income-tax states are vastly outperforming their high-tax counterparts and the national average.Will Freeman | September 2, 2014
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Budget & Tax
Free Market Friday: HB 2562 is constitutional
No question, HB 2562 is a tax cut because the effective date of the new 2-percent rate doesn’t take place until the rate would have reverted to 7 percent. Those opposed to SQ 640 will have to find another angle to attack.Michael Carnuccio | August 15, 2014
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Budget & Tax, Law & Principles
HB 2562 lawsuit: Is a tax cut the same as a tax hike?
In 1992, Oklahoma voters approved State Question 640 to add a taxpayer-protection provision to the State Constitution. Everyone — supporters and opponents alike — understood the provision would make it harder to raise taxes.Jonathan Small & Trent England | August 12, 2014
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Budget & Tax
Free Market Friday: A lesson for lawmakers
Recall the saying: “Those who refuse to learn from history are doomed to repeat it.” Such wisdom is particularly true regarding the doom and gloom often predicted by those fixated on raising taxes and fees in order to increase revenue for government.Michael Carnuccio | August 8, 2014
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Budget & Tax
The rich are already paying their ‘fair share’ — and then some
President Obama has repeatedly called for the so-called rich to pay their “fair share” as he strives to attain his stated goal of tax fairness. He defines as wealthy those individuals making $200k or married couples making more than $250k. But these earners are far from the millionaires that most would envision as America’s elite.Wendy Warcholik, Ph.D. | July 29, 2014
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Budget & Tax
Revenue shortfall? No such thing
The most recent fiscal year ended on June 30, and the data show that for state government revenues and spending, it’s a time of all-time highs.Jonathan Small | July 17, 2014
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Budget & Tax
Free Market Friday: Paycheck protection
Imagine the outrage if a government agency started collecting contributions from its employees to support the Republican Party. Some would say, with justification, that government should not help fund a political advocacy group.Michael Carnuccio | July 11, 2014