Oklahoma: In the Future, Rethink the Past

| | Bookmark and Share

With the fall elections a scant two months away, it's never too early to think about the harsh realities and difficult choices that state lawmakers will face once they are sworn in.

As two new fact sheets from the Oklahoma Policy Institute suggest, top on the agenda of Sooner State legislators should be the reconsideration of some of the tax cuts enacted between 2004 and 2006. For instance, reductions in the top personal income tax rate put in place over the past several years have delivered an average tax cut in excess of $11,000 per year for the richest 1 percent of Oklahomans, yet have helped to suppress income tax collections to the point where they have grown by less than half a percentage point each year over the last two fiscal years. As OK Policy observes, those tax dollars, rather than flowing back to the wealthy few, could be devoted to critical public purposes, such as "addressing critical staffing shortages in [Oklahoma's] child welfare and correctional systems."

Thank you for visiting Tax Justice Blog. CTJ and ITEP staff will soon retire this domain. But ITEP staff are still blogging! You can find the same level of insight and analysis and select Tax Justice Blog archives at our new blog, http://www.justtaxesblog.org/

Sign Up for Email Digest

CTJ Social Media

ITEP Social Media