Articles
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Budget & Tax
Spotlight on taxes: sales tax
A family of four would pay $6,568 in local and state sales taxes on average.Curtis Shelton | April 4, 2023
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Budget & Tax
Spotlight on taxes: Oklahoma income tax
According to the latest data from the Oklahoma Tax Commission, total state and local tax collections in 2022 were $21.1 billion.Curtis Shelton | March 31, 2023
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Budget & Tax
Oklahoma tax reform would enhance stability, competitiveness
Adopting full scale tax reform like the one OCPA proposed last year would make Oklahoma much more competitive by eliminating the income tax while simultaneously creating a more stable sales tax by broadening the base to include more taxable services. This sort of tax reform would benefit all Oklahomans through increased economic activity in the long term without the risk of a severe government shortfall in the short term.Curtis Shelton | March 29, 2023
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Budget & Tax
Fast facts on Oklahoma state and local taxes
By way of comparison, the proposed school-choice tax credit in HB 1935 would provide $10,000 in tax relief for a family of four choosing private education, leaving the typical family still paying $7,324.Curtis Shelton | March 27, 2023
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Budget & Tax
Lawmakers support income-tax cut
Legislation that would effectively impose a single personal income-tax rate for all workers, while also lowering the rate, has easily passed out of the Oklahoma House of Representatives.Ray Carter | March 20, 2023
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Budget & Tax, Education
Thanks to responsible planning, tax cuts and school choice now possible
Oklahoma’s financial position today allows for effective policy change, including tax cuts and universal school choice.Jonathan Small | February 21, 2023
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Budget & Tax
Oklahoma income-tax cut advances in House
Legislation to cut the personal income tax, and schedule future tax cuts based on state revenue growth, has easily passed out of a House subcommittee.Ray Carter | February 20, 2023
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Budget & Tax, Education
A spending increase is not a ‘cut’
Those who proclaim spending increases and teacher pay raises are “cuts” are not only crying wolf—they are also insulting voters’ intelligence.Jonathan Small | February 7, 2023
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Budget & Tax
Senators seek information on Oklahoma school administrative spending
Differences in school districts’ administrative spending, along with potential association with student outcomes, could become publicly available to parents under legislation that has advanced from a state Senate committee.Ray Carter | February 7, 2023
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Budget & Tax
State agency wish lists are long
Based on the estimate made in December, it is expected the Legislature will have a record amount of revenue with which to craft this year’s budget. State agencies are aware of this, and that is reflected in the budget requests that have been submitted this year.Curtis Shelton | February 2, 2023