Articles
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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
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Budget & Tax, Economy
With Oklahoma top 10 in GDP growth, Stitt says tax cuts can keep it going
Oklahoma’s state gross domestic product (GDP) growth is stronger than all but eight states, according to recent data. Some policymakers welcome that news and want to keep the trend going. Gov. Kevin Stitt says tax cuts—specifically, putting the state’s personal income tax on the path to full repeal—is the best way to achieve that goal.Ray Carter | February 19, 2024
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Budget & Tax
Calls for tax cuts increase after revenue growth
After the State Board of Equalization approved the final revenue certification that determines how much money is available to lawmakers during the 2024 legislative session, Governor Stitt noted that tax cuts can be easily passed under these financial conditions.Ray Carter | February 15, 2024
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Budget & Tax
Revenue certification clears path for personal income-tax cuts
OCPA President Jonathan Small said the final revenue-certification by the state Board of Equalization, which determines how much money is available for legislators to appropriate this year, shows Oklahoma state government can easily provide tax cuts.Staff | February 15, 2024
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Budget & Tax
Tax policies have consequences
Instead of punishing those who have been successful, states should adopt policies that make it easier for more people to find that same success.Curtis Shelton | February 7, 2024
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Budget & Tax
Oklahoma lawmakers take bold stance for working families
By voting to cut Oklahoma’s personal income tax immediately, members of the Oklahoma House of Representatives have demonstrated they understand the financial pressures bearing down on working families across our state.Jonathan Small | February 7, 2024
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Budget & Tax
Stitt: Time to put income tax on path to zero
In his sixth “State of the State” address, Gov. Kevin Stitt urged lawmakers not only to cut taxes but also to put the personal income tax on the path to full elimination over time.Ray Carter | February 5, 2024
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Budget & Tax
Oklahoma senators sign tax-cut pledge
A dozen Oklahoma state senators, who represent a combined one million Oklahomans, have signed a pledge to cut the state income tax this year.Staff | February 5, 2024
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Budget & Tax, Law & Principles
Special sessions routine for Oklahoma Legislature
Members of the Oklahoma Senate have routinely convened in special session in recent years—regardless of the extra expense to taxpayers—to consider things like increasing taxes and spending money on corporate welfare programs.Ray Carter | February 1, 2024
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Budget & Tax
OCPA praises House passage of tax cut
OCPA President Jonathan Small today praised members of the Oklahoma House of Representatives for voting to cut Oklahoma’s top personal income tax rate to 4.5 percent.Staff | January 31, 2024