Articles
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Budget & Tax
Income-tax elimination can boost budget stability
According to a new report, Oklahoma’s state government would experience more budget stability if the income tax is eliminated and the government instead relies more on existing sales tax collections.Ray Carter | March 20, 2025
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Budget & Tax
Other states have no income tax … and lower property taxes
Five states with no personal income tax also have the same or lower effective property tax rates than Oklahoma.Ray Carter | March 18, 2025
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Budget & Tax
Report says Oklahoma not as ‘low tax’ as expected
A new report shows that Oklahoma’s state and local tax burden is higher than many neighboring states, with our income tax rate among the highest in the region. As other states continue to lower taxes, policymakers are considering steps to keep Oklahoma competitive.Ray Carter | March 10, 2025
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Budget & Tax
Arkansas cuts income tax without sacrificing core government services
Arkansas has proven that you can let people keep more of their own money without sacrificing core government services.Curtis Shelton | March 6, 2025
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Budget & Tax
Oklahoma income-tax repeal headed to House floor
Legislation that would put Oklahoma’s personal income tax on a gradual path to full repeal is now headed to the floor of the Oklahoma House of Representatives.Ray Carter | March 6, 2025
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Budget & Tax
Oklahoma attracts movers, but income tax still a problem
A new analysis shows that Oklahoma is attracting more movers than the vast majority of states but also suggests that Oklahoma’s income tax remains a deterrent that is driving higher-income individuals to other states.Ray Carter | February 25, 2025
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Budget & Tax
Unfunded mandates harm Oklahoma pension systems
Spending money you don’t have quickly leads to financial instability. Unfortunately, Oklahoma politicians appear intent on ignoring that reality.Jonathan Small | February 24, 2025
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Budget & Tax
Oklahoma income-tax repeal moves ahead
Oklahomans could see the personal income tax fully eliminated through a gradual phaseout process under legislation that has cleared its first legislative hurdle.Ray Carter | February 20, 2025
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Budget & Tax
Effort to end electric-car subsidy advances
Electric-car manufacturers would no longer receive taxpayer subsidies from the Oklahoma Quick Action Closing Fund under a bill approved by a Senate committee. Meanwhile, another bill to require transparency in the awarding of state incentives failed to advance.Ray Carter | February 12, 2025
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Budget & Tax
No, tax cuts didn’t cause Oklahoma budget deficits
Over the last 20 years, as Oklahoma reduced its income tax from a top rate of 7 percent to 4.75 percent, state government revenue has continued to grow.Curtis Shelton | February 6, 2025