New Report: Oklahoma enacted one of the five biggest tax cuts for millionaires in 2025

Contact: Dave Hamby (Oklahoma Policy Institute) dhamby@okpolicy.org or Jon Whiten (ITEP) jon@itep.org Oklahoma lawmakers this year passed an income tax cut that, when fully implemented, will be one of the nation’s most significant income tax cuts for millionaires, according to… Read more [More...]

Tax cuts now, crisis later: Oklahoma’s unsustainable budget

As usual, Oklahoma’s legislative session ended with a flurry of fiscal and budget bills in the last two weeks of the session. The legislature has one constitutional requirement every year: pass a balanced budget. In doing so, the legislature decides… Read more [More...]

A bad time for a tax cut (Commentary)

I've seen 12 Oklahoma legislative sessions, and I am at this point pretty well accustomed to the mounting drama at 23rd and Lincoln as sine die draws near. However, this spring has been even wilder than usual. Topped off by Wednesday's surprise announcement that the governor and legislative leaders had, behind closed doors, struck a deal with both an immediate tax cut and a triggered tax cut. [More...]

You shouldn’t have to touch a hot stove twice: Triggered tax cuts are bad for Oklahoma

Automatic triggered tax cuts provide little to no financial relief for low- and middle-income families, jeopardize the state's fiscal health, and limit investment in Oklahoma's already underfunded public services. [More...]

Now is time for long-term planning, not short-term politics (Commentary)

What if you gave away the biggest tax cut in Oklahoma history, and no one noticed? That’s the reality facing the governor and the legislative leaders he’s trying to pressure to pass income tax cuts that benefit the wealthiest Oklahomans.… Read more [More...]

Oklahomans get what we pay for (Policy Matters)

Oklahomans pay among the least in taxes when compared to folks from other states. And we get what we pay for - or in this case don't pay for. While our taxes are low, so is our quality of life when stacked up against other states. You don't have to look hard to find neighbors who are suffering. [More...]

Lawmakers should choose targeted relief amidst budget uncertainty

State-level budget and tax policy matters deeply for Oklahomans because it directly affects how the state can meet its obligations to our fellow residents. This includes shared services like public safety, education, transportation construction, workforce development, and other programs that… Read more [More...]

Let’s not kid ourselves: Oklahoma can’t run without income tax revenue

Income tax is a necessary revenue source for Oklahoma’s fiscal health. Reducing or eliminating income taxes provides almost no relief for the segment of Oklahoma’s population who needs it most: low- and middle-class taxpayers. In fact, the elimination of income… Read more [More...]

Policy Matters: ‘Path to zero’ is a dangerous road

This column originally ran Feb. 5, 2025 in The Journal Record During his State of the State address, the governor again pitched plans to cut – and eventually eliminate – Oklahoma’s personal income tax. This so-called “path to zero” is… Read more [More...]

Governor’s costs for his proposed income tax cut have quietly increased. Here’s why lawmakers should prioritize targeted tax credits to help working families.

Last month, when the governor initially announced a proposal to cut the state’s personal income tax by a half-percent, the Oklahoma Policy Institute raised the flag that these cuts would cost about $660 million in state revenue annually – nearly… Read more [More...]