Yet the 2006 tax cut also increased the standard deduction. This eliminated income taxes for some 45,000 moderateincome families and lowered taxes for Oklahomans at all income levels. At the time, lawmakers wanted to make sure tax reduction was both bottom-up and top-down. By contrast, the current governor and Legislature have pushed tax cuts that […]
economics
Posted inNews
Demonizing rich people
Last November, every financial trend pointed to high unemployment and low GDP. Add to these realities the imminent explosion of health care costs, widespread inflation, inevitable tax increases and unsustainable deficits. In 1992, lesser economic factors became a mandate to fire George Bush. How does a president taking extravagant vacation getaways while people lose their […]
Posted inNews
Poor figures, poor logic
The first problem is the use of a national figure for poverty. There is no national poverty level. Poverty in New England is a far cry from poverty in Oklahoma; dollars in these two parts of the nation are not equal. Poverty incomes in New York are middle-income in Oklahoma, and so on. Another statistical […]
Posted inNews
Nip and tuck
Cathy O’Connor Credit: Mark Hancock While few of the changes are major, they will update and better spell out what the city can do as part of its incentive program, said Cathy O’Connor, president of the nonprofit organization Alliance for Economic Development. The program funds come from the 2007 general obligation limited tax (GOLT) bond. […]
Posted inNews
Proceed with caution
Larkin Warner As reported in state Treasurer Ken Miller’s January Oklahoma Economic Report, their mission was to emphasize the positive performance of the state’s economy to officials of the three main bond rating agencies. Oklahoma’s general obligation bond ratings were already relatively high, but even higher ratings would mean lower future borrowing costs. For example, […]
Posted inNews
Fans lose in lockout
The logjam at press time in NBA negotiations is largely over how to divide revenue. For the most part, this is about how to divide a pie. And it’s a pretty big pie that’s being cut into two pieces. The size of the pie depends on fans and how much they are willing to pay […]
Posted inNews
Fans lose in lockout
The logjam at press time in NBA negotiations is largely over how to divide revenue. For the most part, this is about how to divide a pie. And it’s a pretty big pie that’s being cut into two pieces. The size of the pie depends on fans and how much they are willing to pay […]
Posted inNews
Calculated account
In his self-published book “Walmart’s Egonomics: The Greed Behind the Smiley Face,” Charles H. Hood documented his unsuccessful struggle to provide Walmart customers with calculators and advertising mounted on the handles of Walmart shopping carts. Hood, who retired from the ad agency business in 1990, once served as chairman of Ackerman, Hood and McQueen. In […]
Posted inArts & Culture
The pursuit of ‘Happiness’
The documentary, which screens at 7:30 p.m. Friday at Oklahoma City University’s Meinders School of Business Kerr-McGee auditorium, 2501 N. Blackwelder, examines the effects that economic globalization has had on our everyday lives, said Vicki Rose, member of the film committee of Transition OKC, a program of the nonprofit Sustainable OKC. “One thing that struck […]