Articles

"Supply-side" economics is the simple notion that tax rates affect growth. One of the key observations made by supply-siders is that policy makers should pay close attention to the relationship between tax rates, taxable income, and tax revenue-particularly since higher tax rates can reduce incentives to earn and report taxable income, which therefore means there is not a linear relationship between tax rates and tax revenue.

The conventional wisdom-peddled by tax consumers and amplified by a largely sympathetic news media-says that, because of income-tax cuts signed into law in 2004, 2005, and 2006, Oklahoma's individual income tax revenues are declining.

There is now a wealth of evidence showing that higher tax burdens have negative effects on economic growth.

Under the dome at 23rd and Lincoln, bureaucrats and taxpayer-funded special-interest groups take your money and use it to lobby for more of your money.