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Issues

Jolly: Cut Taxes – Journal Record

February 20, 2012 J

Oklahoma’s economy is finally showing signs of renewal. In 2011, personal income grew faster in Oklahoma than in any other state in the nation except the Dakotas. Our unemployment rate, 6.1 percent, is the eighth lowest in the nation. Actual tax revenues coming in have beaten revenue forecasts for seven consecutive months.

Lawmakers have an opportunity to lock in our path to economic prosperity. The proposal that can do this: lowering and gradually eliminating the income tax.

Lowering taxes boosts economies and increases residents’ incentive to work, produce, and save. When more money is left in the hands of individuals and businesses, they tend to buy more goods, invest in new equipment, and hire more workers.

The states with the best tax climates experienced an astounding 152 percent faster economic growth rate and created 445 percent more new jobs from 2000-2010 than those with the worst tax climates.

Phone “Fees” – A Growing Problem for Taxpayers

February 09, 2012 J

It’s hard to believe another state legislative session is already underway in Oklahoma. 2012 will prove to be an important year as lawmakers consider sweeping tax reforms that will eliminate Oklahoma’s income tax. While we encourage lawmakers to embrace these reforms to ensure long-term economic stability and an even better business climate, we hope they don’t adjourn without also passing reforms to address the growing fees all citizens pay on our monthly phone bills.

Each month, phone users are taxed to support subsidies like the Oklahoma Universal Service Fund, which benefit the bottom lines of traditional land-line telephone companies. At their own discretion, these companies access and use taxpayer money to make up for revenue losses. For years, Oklahoma has stood by and allowed this tax cycle to go on without forcing these companies to adjust their business plans or their product offerings.

Governor Fallin’s Tax Plan Will Keep Oklahoma Competitive

February 08, 2012 J

Americans for Prosperity-Oklahoma Supports State Income Tax Repeal

OKLAHOMA CITY – Americans for Prosperity – Oklahoma supports Governor Mary Fallin’s plan to lower and eventually repeal the state income tax.

“Governor Fallin’s income tax proposal will make Oklahoma a better place to find work, build a family, and pursue the American dream,” says Stuart Jolly, State Director of Americans for Prosperity – Oklahoma.

The governor’s plan would slash the income tax rate from 5.25 percent to 3.5 percent and gradually phase out the tax. Her plan comes amidst announcements of similar income tax repeal proposals in neighboring Missouri and Kansas and substantial tax relief proposals in seven other states.

The Heartland Tax Rebellion – Wall Street Journal

February 07, 2012 J

Oklahoma Governor Mary Fallin is starting to feel surrounded. On her state's southern border, Texas has no income tax. Now two of its other neighbors, Missouri and Kansas, are considering plans to cut and eventually abolish their income taxes. "Oklahoma doesn't want to end up an income-tax sandwich," she quips.

On Monday she announced her new tax plan, which calls for lowering the state income-tax rate to 3.5% next year from 5.25%, and an ambition to phase out the income tax over 10 years. "We're going to have the most pro-growth tax system in the region," she says.

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