Articles
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Budget & Tax
Economic growth allows tax cuts, not just spending
In the last six years, Oklahoma’s economy has grown dramatically, allowing state lawmakers to dramatically increase state government spending. House Speaker Charles McCall said that revenue growth also highlights the need for lawmakers to pass income-tax cuts this year.Ray Carter | March 18, 2024
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Budget & Tax
House cuts taxes for all
All Oklahomans would see their tax burden reduced, and the personal income tax would be put on the path to full elimination, under legislation overwhelmingly approved by members of the Oklahoma House of Representatives.Ray Carter | March 14, 2024
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Budget & Tax
With grocery tax behind us, it’s time to cut the state income tax
Even with repeal of the state portion of the sales tax on groceries, Oklahoma lawmakers can still afford to cut the state’s income-tax rate given this year’s substantial growth revenue. It’s time to cut Oklahoma’s penalty on work.Jonathan Small | March 4, 2024
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Budget & Tax
Oklahoma revenues rose as tax rate fell
Growing the size of government is never the goal of tax cuts, of course. But the deficits predicted by tax cut opponents have not materialized.Curtis Shelton | February 29, 2024
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Budget & Tax
With grocery-tax reduction signed into law, focus turns to income tax
Within minutes of Gov. Kevin Stitt signing into law repeal of the state portion of the state-local sales tax on groceries, he and House Speaker Charles McCall sent a message: There’s still more work to do on taxes.Ray Carter | February 27, 2024
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Budget & Tax
Oklahoma House continues to focus on income-tax repeal
For the second time in two weeks, members of a state House committee have advanced legislation to gradually eliminate Oklahoma’s personal income tax.Ray Carter | February 26, 2024
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Budget & Tax
Legislation would put Oklahoma taxpayers at risk
Proposed legislation would undo Oklahoma’s historic pension progress and put taxpayers at risk.Curtis Shelton | February 23, 2024
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Budget & Tax, Law & Principles
OCPA praises House action on income taxes
OCPA President Jonathan Small issued the following statement following passage by the House Rules Committee of HB 2949, which would provide income tax relief for working Oklahomans.Staff | February 22, 2024
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Budget & Tax, Law & Principles
Oklahoma House committee advances pro-growth tax cuts
Members of an Oklahoma House committee overwhelmingly approved a significant income-tax cut paired with a new tax on wind energy and voted to put the income tax on the path to full repeal.Ray Carter | February 22, 2024
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Budget & Tax
Senate Republicans: No income-tax cuts this year
Senate Republican lawmakers will not vote to cut Oklahoman’s income-tax rates this year even though the state has more than half a billion dollars in growth revenue, the chamber’s leader announced Wednesday.Ray Carter | February 21, 2024