Taxes and State Economic Growth: What Does the Research Say?

The Center on Budget and Policy Priorities has released a new report exploring the findings of academic research on the relationship between state taxes and state economic growth.

"Organizations advocating lower and less progressive taxes can find some studies by reputable economists that find that above-average state and local taxes have a measurable and consistently adverse impact on state economic performance. However, many equally reputable studies reach the opposite conclusion, and the results of many more are mixed, ambivalent, or show that any adverse impacts are small. There is simply no consensus whatsoever that cutting taxes is a good strategy to boost state economic growth and create jobs."

I think it's safe to say that in Oklahoma, the opinions of our leaders are not consistent with the findings of academic research.