Articles
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Budget & Tax
Oklahoma House passes tax cut; ball now in Senate’s court
Members of the Oklahoma House of Representatives have voted overwhelmingly to reduce Oklahoma’s top personal income tax rate to 4.5 percent, immediately, and have sent the measure to the Oklahoma Senate.Ray Carter | January 31, 2024
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Budget & Tax
Oklahoma tax-cut session proceeds, despite Senate
A special legislative session to reduce Oklahoma’s personal income-tax rate convened on Jan. 29 with little fanfare—or fireworks.Ray Carter | January 29, 2024
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Budget & Tax
Time for income tax cuts for working families, small businesses
OCPA Jonathan Small today urged lawmakers to cut Oklahoma’s personal income tax to help struggling families and encourage business growth.Staff | January 25, 2024
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Budget & Tax, Good Government
Stitt: Time to cut taxes is now
Saying “government is going to spend whatever money you give them,” Oklahoma Gov. Kevin Stitt is urging lawmakers to reduce the state income tax.Ray Carter | January 19, 2024
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Budget & Tax
Stress test: State can weather another ‘Great Recession’
If Oklahoma faces an economic recession comparable to the “Great Recession” of 2008 to 2010, state government is able to cover the associated downfalls over a five-year period, according to a study conducted by the Legislative Office of Fiscal Transparency.Ray Carter | January 18, 2024
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Budget & Tax, Law & Principles
Millions diverted from law enforcement due to McGirt ruling
One ripple effect of the McGirt ruling is the diversion of millions of dollars from Oklahoma law enforcement, agency leaders recently told state lawmakers.Ray Carter | January 17, 2024
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Budget & Tax
Do Oklahoma tax cuts benefit only the rich? No.
Those who claim that cutting the state income tax would only benefit the wealthy aren’t living in reality.Curtis Shelton | January 15, 2024
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Budget & Tax, Education
Oklahoma school reserves hit $1.2 billion high
The amount of money that Oklahoma public schools carried over at the end of the last state budget year, a sum representing both cash-flow reserves and savings, hit a new high of $1.2 billion on June 30, 2023, according to state government figures.Ray Carter | January 15, 2024
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Budget & Tax
With surging state revenue, Stitt, McCall push for tax cuts
Oklahoma lawmakers are set to have an additional $457.9 million for the 2024 legislative session, with a total of around $11 billion in recurring revenue, leading Governor Kevin Stitt to say those conditions make a tax cut easily achievable in the 2024 legislative session.Ray Carter | December 22, 2023
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Budget & Tax
Baseball star’s contract could save him a fortune in taxes
Shohei Ohtani's unique 10-year, $700 million contract with the Dodgers, featuring deferred payments of $68 million annually, significantly lowers his tax burden.Curtis Shelton | December 14, 2023