Articles
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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
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Budget & Tax, Law & Principles
Abusive lawsuits stifling Oklahoma economic, job growth
Excessive lawsuit costs are costing citizens jobs and income—and costing the state tax revenue.Ray Carter | February 5, 2025
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Budget & Tax
Stitt shows how to cut taxes during ‘down’ year
Gov. Kevin Stitt’s budget shows that officials have sufficient funding to balance the budget without major cuts to any part of state government, aside from the elimination of one-time funding that was supposed to expire anyway.Ray Carter | February 5, 2025
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Budget & Tax
Stitt calls for tax cuts, spending restraint
In his annual State of the State address, Gov. Kevin Stitt called on lawmakers to cut Oklahoma’s income tax by a half-point, restrain spending, and preserve state savings.Ray Carter | February 3, 2025
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Budget & Tax
Stitt seeks income-tax cut
Gov. Kevin Stitt announced he will seek to cut Oklahoma’s personal income tax from the current rate of 4.75 percent to 4.25 percent this year—while also putting the state on a path to eliminating the tax altogether.Ray Carter | January 29, 2025
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Budget & Tax
A look at Oklahoma public safety spending
Funding for the Oklahoma Department of Public Safety has been mostly flat over the last two decades, with small ups and downs through the years.Curtis Shelton | January 24, 2025