Articles
-
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
-
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
-
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
-
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
-
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
-
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
-
Budget & Tax
The tax race is on—and Oklahoma is losing
In the race to attract entrepreneurs and business capital, we’re in a 50-state race—and Oklahoma is starting to fall behind.Jonathan Small | January 20, 2025
-
Budget & Tax
Bills to repeal Oklahoma income tax increase in number
Another state lawmaker is urging his colleagues to repeal Oklahoma’s personal income tax, which is often referred to as the state’s penalty on work and investment.Ray Carter | January 16, 2025
-
Budget & Tax
Oklahoma’s tax-cut progress has stalled
Earlier this century Oklahoma made great strides in reducing its penalty on work, the state income tax. That progress has stalled out, however, even as other states have picked up the pace on tax cuts.Curtis Shelton | January 9, 2025
-
Budget & Tax
Oklahoma attracts movers, but income tax still a deterrent
New data from U-Haul show that Oklahoma remains one of the nation’s most popular states for middle-class families looking for a new start.Ray Carter | January 7, 2025