Connect with us

Oklahoma

With Oklahoma top 10 in GDP growth, Stitt says tax cuts can keep it…

Published

on

With Oklahoma top 10 in GDP growth, Stitt says tax cuts can keep it…


Oklahoma’s state gross domestic product (GDP) growth is stronger than all but eight states, according to recent data. Some policymakers welcome that news and want to keep the trend going.

Gov. Kevin Stitt says tax cuts—specifically, putting the state’s personal income tax on the path to full repeal—is the best way to achieve that goal.

“Long term, my job is to try to grow the state and make us the most business-friendly state,” Stitt said. “And I would prefer to have an income-tax cut, get us down to zero.”

Lawmakers are currently discussing tax cuts with calls to cut the personal income tax and exempt groceries from the state sales tax both being debated. Lawmakers have $543 million in growth revenue available this year.

Advertisement

However, Senate President Pro Tempore Greg Treat, R-Oklahoma City, recently said he does not support passage of both proposals this year, saying that “we cannot have both a grocery tax cut and an income tax cut this year.”

Stitt has said he would sign both tax cuts into law. But if he had to choose just one, he said he would select the income-tax cut because it would make Oklahoma more attractive for business investment, which results in the creation of more jobs and higher wages.

“That actually is going to help education. It’s going to help infrastructure. It’s going to help workforce. It’s going to help quality of life,” Stitt said. “Because we’re going to have more and more businesses moving here.”

Oklahoma’s state economic growth is currently stronger than what is occurring in much of the country. When ABC News recently reviewed state economies, the news outlet found that Oklahoma recorded 6 percent GDP growth, annualized, in the third quarter of 2023, based on U.S. Bureau of Economic Analysis data.

Only eight states had higher real gross domestic product growth than Oklahoma.

Advertisement

Notably, of the handful of states with stronger GDP growth, three have no personal income tax: Florida (6.1 percent GDP growth), Nevada (6.3 percent GDP growth), and Texas (7.7 percent GDP growth).

Lawmakers in Nebraska, which was also among the eight states with stronger GDP growth than Oklahoma, voted last year to lower that state’s personal income tax from 6.64 percent to 3.99 percent by 2027, which will give it a significantly lower tax rate than Oklahoma.

The top bracket in Nebraska also kicks in at a much higher level than Oklahoma’s top bracket. Nebraska’s top personal-income-tax rate is imposed on individuals with income above $37,130 and married couples with income above $74,260. In contrast, Oklahoma’s top income-tax rate is imposed at $7,200 for single filers and $12,200 for joint filers, meaning Oklahoma’s tax impacts low-income families much more aggressively.

Grocery Exemptions and Unintended Consequences

Proponents of exempting groceries from the state sales tax have argued that low-income families will get much more benefit from that change than from an income-tax cut.

Advertisement

But research shows that is not necessarily true.

In April 2022, the Tax Foundation found that the poor actually pay more in sales taxes when states exempt groceries from the sales tax because the sales-tax rate on other goods is typically kept higher to make up the difference.

“The poorest decile of households experiences 9 percent more sales tax liability with a grocery tax exemption than they would if groceries were taxed and the general rate were reduced commensurately,” the Tax Foundation reported.

Most states also impose the sales tax on prepared food even when they exempt groceries from the sales tax. Since low-income families tend to rely on prepared food more than upper-income families, lower-income families disproportionately pay more in sales tax on food items even in states that exempt groceries from the sales tax, the Tax Foundation noted.

In March 2023, the State Chamber Research Foundation similarly noted that calls to exempt groceries from state sales tax are “popular, yet often economically counterproductive.” If a sales tax is applied broadly with fewer exemptions, that translates into a lower sales-tax rate that “limits distortions in economic decision making,” the foundation found.

Advertisement

“That is, compared to other types of taxes (such as income tax), broad-based sales taxes generate less influence on the individuals’ economic decisions,” the State Chamber Research Foundation stated. “Thus, generally speaking, states do better to rely more on broad-based sales taxes than on taxes on labor or capital investment, such as income tax or tangible property taxes. From a state revenue perspective, sales taxes tend to be a more stable revenue stream than income taxes, enabling more predictability in state budgeting.”

The Tax Foundation recommended that policymakers provide a $75 per-person tax credit to offset the impact that grocery sales taxes have on poor families, rather than adopting a complete sales-tax exemption for all grocery purchases.

“Sales taxes are more stable and pro-growth than many other forms of taxation, especially income taxes, so policymakers have an opportunity to increase tax progressivity, enhance revenue stability, and improve economic competitiveness by taxing groceries, providing a credit, and using the remaining revenue from base broadening to cut income taxes,” the Tax Foundation stated.

Stitt has said an expansion of Oklahoma’s existing tax credit for grocery purchases by low-income families is one way to address concerns about tax regressivity.

Supporters of income-tax cuts have noted that Oklahoma’s economy has continued to grow following prior tax cuts, which have lowered the state’s income tax from a top rate of 7 percent to 4.75 percent today. That growth has offset the projected “losses” from income-tax cuts and allowed state government spending to continue increasing.

Advertisement

While Oklahoma’s economy appears stronger than most today, Stitt has noted those dynamics are subject to change based on what policymakers in other states do—and what policymakers in Oklahoma do, or don’t do, to keep the state attractive to business investment and job creation.

The governor has noted, repeatedly, that many states are now cutting their income-tax rates and Oklahoma could fall behind.

“If you look at the area around us, Nebraska has just cut taxes and Arkansas and Iowa,” Stitt said. “We have to stay up with our region to be the most business-friendly state.”





Source link

Advertisement

Oklahoma

2026 NBA Playoffs: Oklahoma City Thunder at Los Angeles Lakers best bet, odds, prediction

Published

on

2026 NBA Playoffs: Oklahoma City Thunder at Los Angeles Lakers best bet, odds, prediction


Their end is inevitable, but the Los Angeles Lakers (0-3) can stave off elimination when they host the Oklahoma City Thunder for Game 4 of the 2026 Western Conference Semifinals.

At BetMGM, Oklahoma City opened as -500 on the moneyline (Los Angeles at +375) and -10.5 favorites. However, the flood of pro-Thunder money has steamed them up to -11.5 favorites at the time of writing.

THE REFS IN THE OKC-LA SERIES WERE SO BAD, THE LAKERS HAD TO HAVE A POSTGAME MEETING WITH THEM

Oklahoma City Thunder’s Shai Gilgeous-Alexander gets a layup vs. the Los Angeles Lakers in Game 2 of the 2026 Western Conference Semifinals at Paycom Center. (Alonzo Adams-Imagn Images)

Advertisement

OKC has won every game this series by 18+ points and has a seven-game winning streak over LA. That’s despite reigning NBA MVP Shai Gilgeous-Alexander not putting up his typical crazy numbers.

Shai is scoring only 21.0 points per game in this series, slightly behind Thunder big man Chet Holmgren’s 21.3 PPG average, which leads the team.

 

LeBron James Is Trying To Avoid Another Sweep

LeBron James has only been swept three times in his career: the 2007 NBA Finals by the San Antonio Spurs, the 2018 NBA Finals by the Golden State Warriors and the 2023 Western Conference Finals by the Denver Nuggets.

FLOPPING IS RUINING THE NBA AND LEBRON SHOULD TAKE SOME BLAME FOR THAT

Maybe the sweep is a foregone conclusion, like the New York Knicks vs. Philadelphia 76ers series, but I’m counting on the Lakers dying on their sword and going out with honor.

Advertisement

Los Angeles Lakers All-Star LeBron James shoots over the Oklahoma City Thunder in Game 3 of the second round of the 2026 NBA Playoffs at Crypto.com Arena. (Jayne Kamin-Oncea-Imagn Images)

Los Angeles held a first-half lead in Games 2 and 3 and still lost by 18 and 23 points, respectively. Granted, perhaps that’s just OKC playing with its food more than anything the Lakers are doing right.

Still, it’s something for L.A. to build on.

 

Lakers Need Oklahoma City’s Role Players To Cool Off

The Lakers are hitting 39.3% of their 3-pointers in this series. Unfortunately for them, the Thunder are shooting 42.3% from behind the arc.

But Oklahoma City’s role players are doing most of the damage from deep. Thunder guards Jared McCain, Cason Wallace and Isaiah Joe, along with big man Jaylin Williams, are a combined 25 for 41 from 3-point range, good for a ridiculous 61.0%.

Advertisement

The Oklahoma City Thunder bench reacts after making a 3-pointer vs. the Los Angeles Lakers in the second round of the 2026 NBA Playoffs at Crypto.com Arena. (Jayne Kamin-Oncea-Imagn Images)

That’s not sustainable.

If these randoms hit fewer shots in Game 4, the Lakers can cover the spread.

 

Betting Market Is Overwhelmingly On OKC

Finally, 95% of the money at BetMGM is on Oklahoma City as of Monday morning, according to John Ewing.

While I’m not someone who bows at the altar of betting splits, 95% of people don’t beat the sportsbooks. We all know this.

Advertisement

OUTKICK IS NOW ON THE FOX APP: CLICK HERE TO DOWNLOAD

I know that’s simple logic, but if you blindly fade teams this popular in the betting market, you’ll probably have a positive return on investment.

 

Best Bet: Los Angeles Lakers +11.5

_____________________________

Follow me on X @Geoffery-Clark, and check out my OutKick Bets Podcast for more betting content and random rants.

Advertisement





Source link

Continue Reading

Oklahoma

Tulsa Race Massacre reparations is soul-redeeming work for the US, Oklahoma civil rights lawyer says

Published

on

Tulsa Race Massacre reparations is soul-redeeming work for the US, Oklahoma civil rights lawyer says


NEW YORK (AP) — It wasn’t until his junior year of college that civil rights attorney Damario Solomon-Simmons learned about a devastating massacre that took place in his hometown of Tulsa, Oklahoma.

His African American studies professor lectured about what is known today as the Tulsa Race Massacre — the days in 1921 when white mobs carried out a scorched-earth campaign against an outnumbered Black militia protecting the fabled Black Wall Street, a prosperous all-Black community.

“I actually told a teacher, ‘I’m from Tulsa. That’s not true,’” Solomon-Simmons recalled. “And of course, I was wrong.”

That day planted a seed for the then-aspiring attorney, who went on to lead a reparations campaign for the living survivors of the massacre and their descendants. Nearly 105 years later, no one has been compensated for what they lost, and none of the culprits have been held accountable.

Advertisement

That fight for reparations is the subject of Solomon-Simmons’ first book, “Redeem a Nation: The Century-Long Battle to Restore the Soul of America,” which is intended as a blueprint for justice in historic atrocities that Black Americans endured but never received reparations for. The book hits shelves Tuesday.

After the massacre, more than 35 city blocks of the neighborhood known as Greenwood were leveled in fires, an estimated 191 businesses were destroyed, and roughly 11,000 Black residents were displaced. The state of Oklahoma declared the death toll to be only 36 people, although many historians and experts who have studied the event put the death toll between 75 and 300.

Greenwood, founded in 1906, had been a bustling city within a city, with Black-owned grocery stores, soda fountains, cafés, barbershops, a movie theater, music venues, cigar and billiard parlors, tailors and dry cleaners, rooming houses and rental properties.

“If you can ignore Greenwood, which was the beacon of Black prosperity and Black progress in the history of this country, then you can ignore Black people in general,” Solomon-Simmons recently told The Associated Press. “I think that’s why people around the nation are so focused on the work that we’re doing, because they understand what it means to all of Black America.”

Solomon-Simmons’s book comes just months before the United States will mark 250 years since its founding in 1776. That was 89 years before the institution of chattel slavery — meaning an enslaved person was held as legal property of another — was abolished. The civil rights attorney questions the idea that Americans can truly celebrate the country’s accomplishments when it has yet to pay reparations, which historians say informs modern day disparities in wealth between Black and white people.

Advertisement

“We cannot talk about what America has been and will be, without making sure that these issues are discussed and we get reparatory justice for both” slavery and the Tulsa massacre, Solomon-Simmons said.

‘America has never had a soul’

In 343 pages, Solomon-Simmons does more than recite the history of the massacre or make a legal thriller out of his reparations campaign. For him, securing justice for the survivors and descendants of the massacre is also about healing a nation whose earliest promises of equality for all rang hollow.

“When I speak of repairing America’s soul, I do not mean restoring something that was once whole,” Solomon-Simmons writes in the book. “America has never had a soul. … There was no moral center to recover.”

He suggests that America’s soul cannot be repaired if it is forced to choose between rebuilding the nation or repairing Black America. They must do both, he says.

“The struggle for justice in Greenwood is not about returning to a mythical past. It is about proving whether America can build a soul at all through truth, through justice, through repair.”

Advertisement

Reparations for slavery and other historical racial injustices has been debated in the U.S. since Reconstruction, through the Civil Rights Movement and for much of the 21st century. Jennifer L. Morgan, a professor of history at New York University, said such debates are complicated by the question of exactly who pays the reparations and exactly who receives the payment.

“I don’t think that we’re talking about individuals who owe anybody else reparations. I think we’re talking about states, about institutions, about the nation,” Morgan said. “America is still grappling with reparations because America is still grappling at the legacy of slavery, racial discrimination, Jim Crow, and violent exclusion of Black people from the body politic.”

Some opponents of reparations argue there are no living culprits or direct victims of enslavement, much less people with verifiable claims of harm that can be presented in a court of law.

Solomon-Simmons disagrees.

“We know who did the massacre — the perpetrators are still living in Tulsa,” he said referring to the city and the chamber of commerce, which plaintiffs alleged had a hand in obstructing Greenwood’s recovery.

Advertisement

There is one remaining massacre survivor involved in the reparations lawsuit: 111-year-old Lessie Benningfield Randle.

“If we cannot get her reparations while she’s alive, for the massacre, it’s gonna make it that much harder for us to get reparations for enslavement, Jim Crow, redlining and all those things that we are owed,” Solomon-Simmons said.

Fight for Tulsa reparations continues

In the book, Solomon-Simmons reflects on what committed him to the reparations fight.

While in law school, he was introduced to high profile civil rights attorneys working for the Reparations Coordinating Committee – the late Harvard Professor Charles Ogletree Jr., who mentored Barack and Michelle Obama; and the late Johnnie Cochran, who is widely known for defending O.J. Simpson during his trial for murder of his ex-wife. Solomon-Simmons became a law clerk for the committee.

After witnessing Ogletree argue a Tulsa reparations case in federal court in 2004, Solomon-Simmons said the practice of law stopped being just a credential for speaking, writing, or teaching. It became a calling.

Advertisement

In 2020, Solomon-Simmons led a lawsuit on behalf of 11 plaintiffs, including the last three known living survivors of the massacre, against the City of Tulsa and seven defendants. The suit was the first of its kind in state court and the first to get far enough to see a judge. In 2024, the Oklahoma Supreme Court dismissed the lawsuit. In the final days of the Biden administration, the Justice Department released a report saying it had determined there is no longer an avenue for criminal prosecution over the massacre.

But the fight continues, Solomon-Simmons says, for cash payment to Randle and other descendants, as well as the return of land stolen after the massacre and during a period of urban renewal in Tulsa.

In 2025, the city’s first Black mayor, Monroe Nichols, endorsed a broad proposal dubbed Project Greenwood, which calls for financially compensating Randle, funding a scholarship program for descendants of victims, and designating June 1 as Tulsa Race Massacre Observance Day.

Solomon-Simmons also runs the nonprofit Justice for Greenwood, which he founded a year before the community marked the centennial of the massacre in 2021.

“One thing I’ve learned from this work, and as a lawyer in general, is that people want justice,” he said. “People want reparations, but people (also) want acknowledgment. They want to be seen. They want people to understand that something happened to them and their family, and they want an apology.”

Advertisement

___

Aaron Morrison is the race and ethnicity news editor at AP.



Source link

Advertisement
Continue Reading

Oklahoma

Oklahoma Hosts Ole Miss in Norman Once Again for Potential Playoff Primer

Published

on

Oklahoma Hosts Ole Miss in Norman Once Again for Potential Playoff Primer


Earlier this year, Sooners On SI broke down Oklahoma’s opponents in 2026. With spring football in the rearview window, how do the Sooners’ foes look heading into the summer following their March/April practices? We continue with the Ole MIss Rebels.

Advertisement

As Oklahoma journeys deeper into November, the talent level keeps rising.

Advertisement

While Oklahoma worked to secure a pivotal player’s return for one final season, Ole Miss had already pulled off one of the offseason’s most impactful moves — locking in an extra year of eligibility for quarterback Trinidad Chambliss.

Exit Lane Kiffin, enter Pete Golding. Well, that already happened before the College Football Playoff, but now the country waits to see if Golding will be able to continue his impressive run as a head coach into an offseason.

How did spring treat the Rebels? Even if Ole Miss appears strong on paper. OU does get the benefit of hosting the Rebels for a second straight season once November arrives.

The Injury Front

Advertisement

Ole Miss head coach Pete Golding runs off the field during warmups before the CFP Fiesta Bowl at the State Farm Stadium, in Glendale, Ariz., on Thursday, Jan. 8, 2026. | Lauren Witte/Clarion Ledger / USA TODAY NETWORK via Imagn Images

Good news and bad news for Ole Miss during spring ball: The good is that no players will be dealing with injuries deep into the summer.

Advertisement

The bad news was that an “injury bug” plagued the offensive line, causing the defensive-minded coach to scale back on full-contact drills and practice during the spring to avoid further injury.


Sign up to our free newsletter and follow us on Facebook and X for the latest news.


Advertisement

While injuries weren’t a large concern for Ole Miss this spring, they have to deal with replacing top-end talent — mostly on defense. Talents like edge rusher Princewill Umanmielen, who transferred to LSU to follow Kiffin.

Ole Miss Strength

Advertisement

Oklahoma Sooners linebacker Owen Heinecke (38) runs after Ole Miss Rebels quarterback Trinidad Chambliss (6) during a college football game between the University of Oklahoma Sooners (OU) and the Ole Miss Rebels at Gaylord Family-Oklahoma Memorial Stadium in Norman, Okla., Saturday, Oct. 25, 2025. Ole Miss won 34-26. | BRYAN TERRY/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images

Chambliss ranks among the best quarterbacks in the country, and the way he rises to the occasion in Ole Miss’ biggest games makes the Rebels dangerous every time he takes the field.

Even without Kiffin, Ole Miss was busy during the transfer portal in trying to replenish a great deal of skill talent that either exited the program or graduated.


Post-Spring Oklahoma Opponent Breakdowns


With Kewan Lacy in the backfield and tight ends Dae’Quan Wright and Luke Hasz, the Rebels’ offense will no doubt be one of the tougher units Oklahoma will face.

If Golding is able to maintain his impressive control of the program he showcased during last season’s College Football Playoff, the offense should still be one of the best in the country.

Advertisement

The Final Verdict

Oklahoma coach Brent Venables | Carson Field / Sooners On SI
Advertisement

Ole Miss has had Oklahoma’s number in the Sooners’ first two years in the SEC. Could a fortitous schedule factor — a second game in Norman in back-to-back years — finally get Oklahoma over the Rebels?

Advertisement

No matter the feelings prior to the game, Ole Miss may be one of the tougher games on the schedule for OU — including the first six-week crucible. Chambliss has proven to be that good, and despite the defensive departures, Ole Miss has proven to reload talent quickly.

Depending on Oklahoma’s record at the time of the game, their match with the Rebels could prove to pivotal for either team’s playoff chances. Last season for OU, this was the road game against Alabama.

OU will have the talent to combat Ole Miss, but the Rebels will have a sure-fire Heisman contender under center.

Add us as a preferred source on Google



Source link

Advertisement
Continue Reading
Advertisement

Trending