Targeted relief can help Oklahoma families weather inflation

By gavelling in for a special legislative session to address inflation relief, lawmakers have the opportunity to enact real and positive tax reform. The slate of bills introduced by House leadership offer little actual timely relief to the low- and moderate-income Oklahomans most affected by inflation. A few bills introduced during the special session — and other measures that could be added — would offer targeted and timely relief to the families that need it.


4 Key Points on Inflation

  1. The main driver of inflation today is the pandemic, which has disrupted the whole economy. The main solution is ending the pandemic.
  2. While worker wages have grown during the pandemic, there is no reason to believe worker wage increases are what’s driving inflation.
  3. There is little reason to believe too-generous government relief spending is driving inflation. The weakened economy needed it to grow in 2021, and that spending is falling sharply in 2022.
  4. Hopes of closing the United States’ terrible racial wage and employment gaps would be dimmed if policymakers overreact and sacrifice growth for lower inflation.