On Saturday, President Trump Will Be Visiting Oklahoma, A State That Has Reaped The Benefits Of The Trump Administration
The Facts:
OKLAHOMANS HAVE EXPRESSED GRATITUDE TO THE PRESIDENT AS HIS RESPONSE TO THE PANDEMIC HAS PREPARED THE STATE TO REOPEN FOR BUSINESS
- On Saturday, President Trump will be in Tulsa, Oklahoma , for his first " Make America Great Again " rally since the coronavirus pandemic started three months ago.
- Governor Kevin Stitt applauded the decision stating that Oklahoma has been a great example of "responsibly and safely reopening."
- Bob Jack, Chairman of the Tulsa County Republican Party, said that his phone has "been ringing off the hook" as Oklahomans are excited to see the President on Friday.
- President Trump and his Administration have worked with Oklahoma Governor Kevin Stitt to ensure the state has reopened safely.
- On May 11, 2020, President Trump announced efforts "to ensure that every state, territory, and tribe had the resources they needed to meet the robust testing plans" listed in the President's guidelines.
- The President also released $11 billion in funding to help states, territories, and tribes meet testing goals .
- In preparation for reopening, Gov. Stitt deployed the National Guard to hospitals across the state to evaluate protective equipment and hospital capacity back in April.
- Oklahoma started reopening on May 1st and has continued to follow the guidelines the White House put in place .
- The Governor said that the White House had assisted in reopening measures by sending 90,000 additional swabs for testing the and providing 250,000 N95 masks.
THE PRESIDENT'S PAYCHECK PROTECTION PROGRAM HAS HELPED SAVED OKLAHOMA BUSINESSES DURING THE CORONAVIRUS PANDEMIC.
- Oklahoma banks provided 20,919 loans, worth more than $877 million in the second round of funding for the Paycheck Protection Program.
- The first round of funding, which was exhausted on April 16th, funded 35,557 loans worth $4.61 billion to Oklahoma businesses .
- Oklahoma is among the top ten states for Paycheck Protection Program funding in the United States.
- Tom Bennett III, President, and Co-CEO of First Oklahoma Bank said that Oklahoma businesses will greatly benefit from the PPP loan .
- Chad Warmington, President, and CEO of the Oklahoma State Chamber, said that the state is ready to move on, and restore the economy by reopening .
OKLAHOMANS HAVE PRAISED THE PRESIDENT'S USMCA TRADE DEAL CITING MEXICO AND CANADA AS BEING AMONG THE STATE'S TOP MARKETS
- The passage of the United States-Mexico-Canada Agreement was a " historic moment " for U.S. farmers and ranchers who are expected to " gain $2 billion in exports from the agreement ."
- Oklahoma's two largest markets are in Canada and Mexico where the state exports up to $2.3 billion in 2018 .
- Rodd Moesel, Oklahoma Farm Bureau President, praised the passage of the USMCA as a " victory for farmers and ranchers across Oklahoma ."
- Cathy Vaughan, President of the Oklahoma Pork Board of Directors says the USMCA has been needed for a long time for Oklahoma pork producers and says the passage is a "tremendous positive" for pig farmers .
AFTER YEARS OF REGULATION, OKLAHOMA'S OIL AND GAS INDUSTRY IS THRIVING UNDER PRESIDENT TRUMP
- According to the Oklahoma State Chamber, nearly one-fifth of all Oklahoma jobs are tied to the oil and gas industry , either directly or indirectly.
- In a 2014 survey, API found that the oil and natural gas industry supports 364,000 Oklahoma jobs and contributes $39 billion to the state's economy.
- As of 2019, Oklahoma was the fourth- largest crude oil producer in the United States , and accounted for nearly 5% of the nation's crude oil production.
- As of 2019, Oklahoma had the fourth- largest gross withdrawals of natural gas in the United States , which accounted for about 9% of the nation's marketed production.
- When President Trump was elected, Oklahoma's oil and gas industry was eager for the state's popular industry to see improvement .
- Energy Companies in Oklahoma had experienced an "onslaught of regulations" from the Obama/Biden Administration .
- Since taking office, President Trump has made " reducing the regulatory burden on oil and gas companies a priority to drive U.S. energy production and exports ."
- President Trump's rollbacks have increased oil and gas production which has put the United States output ahead of historical leaders like Saudi Arabia and Russia.
- In 2019, the U.S. exported more oil than the U.S. imported for the first time in 70 years .
- President Trump has implemented policies to help the energy workforce after they've been impacted by the coronavirus.
- The Trump Administration has awarded energy companies temporary breaks in payments for oil and gas extraction to help boost the energy workforce .
OKLAHOMANS HAVE BENEFITTED FROM THE PRESIDENT'S TAX CUT AND JOBS ACT AS IT HAS BOOSTED WAGES AND HELPED THE ECONOMY FLOURISH
- During the first year of the President's tax cuts, Americans paid almost $64 billion less in federal income taxes , some of the sharpest drops are among taxpayers who earned between $25,000 and $100,000 a year.
- The Oklahoma Corporation Commission lowered utility bills to customers after seeing lower tax rates in a result of the new law.
- Elected members of Oklahoma's Corporation Commission agreed in 2019 that the lower rates will remain unchanged .
PRESIDENT TRUMP HAS CONTINUED TO SUPPORT OKLAHOMA'S MILITARY COMMUNITY BY IMPLEMENTING HISTORIC LEGISLATION
- As of 2010, there are over 69,000 military personnel, federal civilian personnel, and contractors based in Oklahoma; 64,700 jobs in Oklahoma are supported by military installations .
- Since taking office, President Trump has boosted funding each year and has provided the largest pay raise in nearly a decade to service members.
- In the latest defense spending bill, troops received a 3.1% pay increase , and provided the first- ever paid family leave for federal workers.
- The law will also help improve education, childcare, and private housing for military families, and will also end the widow tax for the families of fallen heroes.
OKLAHOMANS HAVE EXPRESSED GRATITUDE TO THE PRESIDENT AS HIS RESPONSE TO THE PANDEMIC HAS PREPARED THE STATE TO REOPEN FOR BUSINESS
Local Leaders Praise The President's Decision To Have His First Rally In Oklahoma, As The State Has "Responsibly And Safely" Reopened
On Saturday, President Trump Will Be In Tulsa, Oklahoma, For His First "Make America Great Again'" Rally Since The Coronavirus Pandemic Started Three Months Ago. "In Tulsa, Okla., on Saturday night - for the first time since the coronavirus shut down events in March - President Trump will hold one of his signature rallies. The campaign said demand for tickets has been incredibly high." ( NPR , 6/16/20)
Governor Kevin Stitt Applauded The Decision To Hold The Rally In Tulsa Stating That Oklahoma Has Been A Great Example Of "Responsibly And Safely Reopening." "Gov. Kevin Stitt also welcomed the news. 'We are honored President Trump accepted our invitation to our great state,' Stitt said. 'The president is making Oklahoma his first campaign stop since March 2, and his visit here confirms Oklahoma is the national example in responsibly and safely reopening.'" ( Tulsa World , 6/11/20)
Bob Jack, Chairman Of The Tulsa County Republican Party, Said That His Phone Has "Been Ringing Off The Hook" As Oklahomans Are Excited To See The President On Friday. "'Someone said you get a chill up your leg, I've got a chill up my whole body for a chance to meet the President of the United States,' said Bob Jack. Jack, who is chairman of the Tulsa County Republican Party says his phone has been ringing off the hook with people excited to see the President." ( ABC Tulsa , 6/10/20)
President Trump And His Administration Have Worked With Oklahoma Governor Kevin Stitt To Ensure The State Reopens Safely
On May 11, 2020, President Trump Announced Additional Efforts "To Ensure That Every State, Territory, And Tribe Had The Resources They Needed To Meet The Robust Testing Plans" Listed In The President's Guidelines. "On May 11, President Trump announced additional efforts to ensure that every state, territory and tribe has the resources they need to meet the robust testing plans described in the President's Guidelines for Opening up America Again and the Testing Blueprint unveiled by the President on April 27." ( FEMA , 5/16/20)
The President Has Released $11 Billion In Funding To Help States, Territories, And Tribes Meet Testing Goals. "The Administration is sending $11 billion to help States, territories, and tribes meet the testing goals set out by their Governors and tribal leaders." ( White House , 5/11/20)
In Preparation For Re-opening, Gov. Stitt Deployed The National Guard To Hospitals Across The State To Evaluate Protective Equipment And Hospital Capacity Back In April. "As of today, FEMA reports that 35,000 National Guard have been deployed across the country to aid in our coronavirus response. Governor Kevin Stitt of Oklahoma actually deployed the National Guard to hospitals across the state to evaluate protective equipment and hospital capacity and report it in to state emergency management and FEMA." ( The White House , 4/23/20)
Oklahoma Started Reopening On May 1st And Has Continued To Follow The Guidelines The White House Has Put In Place. "Oklahoma Gov. Kevin Stitt on Wednesday announced a plan to reopen the state's economy on Friday with social distancing guidelines in place, which he said is in agreement with White House guidance. Stitt's phased plan will allow hair salons, barber shops, nail salons, and pet grooming services to reopen on Friday and restaurants, churches, gyms, and movie theaters to open on May 1." ( The Daily Beast , 4/22/20)
The Governor Said That The White House Had Assisted In Reopening Measures By Sending 90,000 Additional Swabs For Testing And Providing 250,000 N95 Masks. "Our testing & PPE supply are in great shape. @WhiteHouse confirmed they're sending us 90,000 additional swabs for PCR testing & we'll be receiving 250,000 N95 masks by the end of the week. We will continue to turn over." ( Twitter Feed , 5/6/20)
Medical Professionals Have Agreed That Oklahoma Is In A Good Position And Has Had Tremendous Progress In Preparing For Reopening
Dr. Timothy Moser, Of The Oklahoma Osteopathic Association, Said "The Progress In Statewide Testing Capabilities And Mobile Testing Site In Rural Areas Is Making A Difference." "In a statement on Friday, Dr. Timothy Moser, association president, urged the governor to proceed with extreme caution. 'We have grave concerns on the announced plan to open the state this week as the pandemic continues to make its way to rural parts of our state. So many physicians and their clinical staff focus on caring for our elderly rural population in hospitals and long-term care facilities, where it is significantly more difficult to get access to health care,' Moser said. The progress in statewide testing capabilities and mobile testing sites in rural areas is making a difference, he said." ( Oklahomawatch.org , 4/24/20)
THE PRESIDENT'S PAYCHECK PROTECTION PROGRAM HAS SAVED OKLAHOMA BUSINESSES DURING THE CORONAVIRUS PANDEMIC
Oklahomans Are Praising The President's Paycheck Protection Program Saying Their Businesses Have Greatly Benefited From The Loans
Oklahoma Banks Provided 20,919 Loans, Worth More Than $877 Million Since The Approval Of The Second Round Of Funding For The Paycheck Protection Program. "Oklahoma banks have funded 20,919 loans worth more than $877 million in the second round of the federal Paycheck Protection Program, according to the U.S. Small Business Administration. Those numbers were as of Tuesday, the agency said." ( The Oklahoman , 5/4/20)
- The First Round Of Funding, Which Was Exhausted On April 16th, Funded 35,557 Loans Worth $4.61 Billion To Oklahoma Businesses. In the first round, which opened April 3 and lasted until funds were exhausted on April 16, Oklahoma banks funded 35,557 loans worth $4.61 billion. ( The Oklahoman , 5/4/20)
Oklahoma Is Among The Top Ten States For Paycheck Protection Program Funding In The United States. "Business.org shows Oklahoma is among the top ten states for funding, with more than 16 percent of the state's small businesses getting money from the stimulus package." ( News On 6 , 5/19/20)
Tom Bennett III, President, And Co-CEO Of First Oklahoma Bank, Said That Oklahoma Businesses Will Greatly Benefit From The PPP Loan. "During the first week of the program, Tulsa-based First Oklahoma Bank worked with 445 applicants accounting for $80 million in loans, said Tom Bennett III, president and co-CEO of the bank. In the next 60 days, First Oklahoma Bank expects to process at least 1,000 applications for PPP loans that will exceed $100 million, Bennett said. 'There is an enormous amount of interest in these loans from small business,' he said. 'Virtually every business and nonprofit has been negatively impacted by the coronavirus crisis and would benefit greatly from these loans.'" ( Tulsa World , 4/7/20)
A Tulsa Business Owner, Shaelyn Haning, Said That Because Of The President's Paycheck Protection Program She Has Been Able To Keep Her Staff On The Payroll. "Business owners say they wouldn't be able to keep staff employed without this federal money. Tallgrass Tailor on Peoria in Tulsa is one of thousands of small businesses in Oklahoma to receive a portion of the state's five billion dollars in PPP loans. Owner Shaelynn Haning says because of the loan, she's been able to keep her one full-time, and three-part time employees on payroll." ( News On 6 , 5/19/20)
- Haning Said That The Impact Of The PPP "Has Been Absolutely Incomparable" As Her Staff Has Been Able To Come Back To Work. "'The impact of the PPP has been absolutely incomparable,' Haning said. 'So, we've been back in the shop now here, limited hours, but I've had my employees back in the shop, and we're all very happy to be here.'" ( News On 6 , 5/19/20)
- She Added That It's "An Incredible Feeling" To See That She Has The Ability To Make Payroll After Receiving The PPP Loan. "'Being able to look at my bank account and know that the money is there to make the payroll, is just an incredible feeling. I'm extremely grateful,'Haning said." ( News On 6 , 5/19/20)
Nonprofit Chief Executive, Erin Goodin Of City Rescue Mission, Said That The Loan Will Help Her Retain Her Staff For The Remaining Of The Year. "Meanwhile, nonprofit chief executives Erin Goodin of City Rescue Mission and Susan Agel of Positive Tomorrows pounced on the opportunity for backup funding, applying for PPP loans through Bank of Oklahoma. Goodin said she'll use the PPP loan to retain her staff of 39 through the remainder of the year." ( The Oklahoman , 4/12/20)
- Goodin Said That The Application Process Was "Painless" And Didn't Have "As Much Red Tape" As She Would Have Assumed. "The nonprofit, which operates solely on donations, houses 400 to 500 homeless people a night, or an average of 35 families and 75 children. 'The loan application was a painless process for us,' she said, 'and not as much red tape as I would've assumed.'" ( The Oklahoman , 4/12/20)
Businesses And Local Leaders Have Praised The Reopening Saying It Will Restore The State's Economy
Chad Warmington, President, And CEO Of the Oklahoma State Chamber, Said That The State Is Ready To Move On And Restore The Economy By Reopening. "Chad Warmington, president and CEO of the State Chamber and chair of Gov. Kevin Stitt's Bounce Back Advisory Group: 'Once we get Oklahoma open safely, we can start talking about restoration and restoring the economy. That is obviously of big importance to the business community of Oklahoma.' '(Stitt) identified some strong business leaders that we put on this - across the state of Oklahoma, across the industry sectors. They asked a lot of good questions. They wanted to know right from the very beginning: Talk to us about the health measures. Are we on pace for all those things and how is the state measuring those outcomes? We're very satisfied for the answers that we got. We were able to move on to: Now we need to talk about phasing in the opening of the Oklahoma economy … and I think we're really ready to move on to the restoration part once we get open for business.'" ( The Oklahoman , 4/23/20)
Keith Paul, CEO Of Several Restaurants In Oklahoma Has Praised The Reopening, Stating That He Was Grateful To See That Data Has Been Provided To Lead To This Decision. "Keith Paul, CEO of A Good Egg Dining Group which includes Tuckers, Cheever's, Republic, Barrio's Mexican Kitchen, and more: 'From early on, we've taken the approach that we will trust and respect the decisions made by our local leaders. We're grateful that they see optimistic data which lead to this decision. We trust that their decisions are well informed.'" ( The Oklahoman , 4/22/20)
Steve Shoemaker, Vice President Of Marketing For Ideal Homes Of Norman, Applauded The Reopening As He Has Been Ready To Get Back To Business. "Steve Shoemaker, vice president of marketing for Ideal Homes of Norman 'I do agree with the governor. There are always trade-offs in life. No one is ever safe all the time … We cannot continue with this shutdown. It is time to get back to business and avoid the cure being worse than the disease ... Our local and state leaders have done a good job leading us through this uncertain period, but we are not New York City with subway systems and living on top of each other. Oklahoma City can fit New York City, Boston, and Philadelphia in its 621-square-mile footprint. We practice social distancing pretty much simply by living here.'" ( The Oklahoman , 4/22/20)
Governor Kevin Stitt Said He Is Continuing To Work With President Trump On How The State Can Boost It's Economy After Reopening
Gov. Kevin Stitt Said That He Is Still Continuing To Work With The President On Reopening The Economy As He Has Met With The President On Thursday To Discuss A Plan. "Gov. Kevin Stitt is scheduled to visit with President Donald Trump at the White House on Thursday, two days before the president holds a rally in the governor's home town of Tulsa. 'We are happy to welcome Governor Stitt to the White House to discuss the administration's plan to partner with states like Oklahoma to reopen small businesses and reignite our economy,' the White House said in a statement. 'President Trump is looking forward to discussing ways to continue to support small businesses across the Sooner State as it reopens.'" ( The Oklahoman , 6/17/20)
OKLAHOMANS PRAISED THE PASSAGE OF THE PRESIDENT'S USMCA TRADE CITING MEXICO AND CANADA AS AMONG THE STATE'S TOP MARKETS
Oklahomans Are Excited About The Passage Of The USMCA Trade Deal As The State's Largest Markets Are With Mexico And Canada
The Passage Of The United States-Mexico-Canada Agreement Was Considered A "Historic Moment," As U.S. Farmers And Ranchers Are Expected To "Gain $2 Billion In Exports From The Agreement" "Barbara P. Glenn, CEO of the National Association of State Departments of Agriculture, called Thursday's vote a 'historic moment' for the country's food and agriculture producers." 'The USMCA provides a 21st century rule book for trade with our North American partners - including critical new provisions on market access, biotechnology, and enforcement,' Glenn said. 'From wheat to wine to dairy, U.S. farmers and ranchers are expected to gain $2 billion in exports from this agreement.'" ( The Oklahoman , 1/17/20)
Oklahoma's Two Largest Markets Are In Canada And Mexico, Exporting Up $2.3 Billion In 2018. "The state's largest market was Canada. Oklahoma exported $1.6 billion in goods to Canada in 2018, representing 27 percent of the state's total goods exports. Canada was followed by Mexico ($783 million), Germany ($612 million), Japan ($296 million), and Netherlands ($246 million)." ( USTR, Accessed 6/17/20)
Rodd Moesel, Oklahoma Farm Bureau President, Praised The Passage Of The USMCA As It's A "Victory For Farmers And Ranchers Across Oklahoma." Oklahoma Farm Bureau President Rodd Moesel released the following statement after the U.S. Senate approved the United States-Mexico-Canada Agreement. 'Today's long-awaited approval of the United States-Mexico-Canada Agreement is a welcome victory for farmers and ranchers across Oklahoma. After years of battling low prices, high production costs and challenging weather, the historic trade deal brings a small piece of hope to farmers by preserving crucial markets for agricultural products with our closest trade partners." (Oklahoma Farm Bureau, Press Release , 1/16/20)
Cathy Vaughan, President Of The Oklahoma Pork Board Of Directors Says The USMCA Has Been Needed For A Long Time For Oklahoma Pork Producers, And Says The Passage Is A "Tremendous Positive" For Pig Farmers. "Cathy Vaughan, president of the okPORK board of directors, says finalizing the USMCA is a tremendous positive for pig farmers across the country. 'The passage of USMCA has been needed for a very long time,' said Vaughan. 'We appreciate the Senate for getting the vote completed promptly so the benefits of this trade agreement can start helping pig farmers. Mexico and Canada represent two of the four largest export markets for US pork and this agreement preserves our zero-tariff access to those markets. We appreciate the leadership of Senators Inhofe and Lankford and their work to get USMCA across the finish line.'" ( Woodward News , 1/16/20)
AFTER YEARS OF REGULATION, OKLAHOMAN'S OIL AND GAS INDUSTRY ARE EXCEEDING UNDER PRESIDENT TRUMP
President Trump Has Boosted Oklahoma's Largest Industry
According To The Oklahoma State Chamber: Nearly One- Fifth Of All Oklahoma Jobs Are Tied To The Oil And Gas Industry, Either Directly Or Indirectly. "Nearly one-fifth of all Oklahoma jobs are tied to the oil and gas sector, directly or Indirectly" ( Oklahoma State Chamber , Accessed 6/17/20)
As Of 2019, Oklahoma Was The Fourth- Largest Crude Oil Producer In The United States And Accounted For Nearly 5% Of The Nation's Crude Oil Production. "Oklahoma was the fourth-largest crude oil producer among the states in 2019, and it accounted for nearly 5% of the nation's crude oil production." (EIA, 3/19/20)
- As Of 2019, Oklahoma Had The Fourth- Largest Gross Withdrawals Of Natural Gas In The United States, Which Accounted For About 9% Of The Nation's Marketed Production. "Oklahoma had the fourth-largest gross withdrawals of natural gas among the states in 2019 and accounted for about 9% of the nation's marketed production." (EIA, 3/19/20)
In A 2014 Survey, API Found That The Oil And Natural Gas Industry Supports 364,000 Oklahoma Jobs And Contributes $39 Billion To The State's Economy. "The oil and natural gas industry supports some 364,000 Oklahoma jobs and contributes $39 billion to the state's economy. The shale revolution also has saved U.S. consumers an estimated $1,200 per household annually." ( API, 5/28/15)
When President Trump Was Elected, Oklahoma's Oil And Gas Industry Was Eager For The State's Popular Industry To See Improvement. "From board rooms to drilling rigs, much of the U.S. fossil fuel industry has been counting down the days until President Barack Obama turns over the keys of the White House. Donald Trump doesn't officially take the wheel of the nation's energy policy for a couple of months, but Oklahoma's oil and gas industry says its prospects have already improved under the president-elect." ( KGOU , 12/1/16)
- Energy Companies In Oklahoma Have Experienced An "Onslaught Of Regulations" From The Obama/Biden Administration, Many Of Whom Thought The Obama Administration Was Trying To "Put The Industry Out Of Business." "Panther Energy CEO Berry Mullennix says those gestures - even if they are lofty campaign promises - are already a 180-degree turn from attitudes in the Obama administration. 'What we've seen happen over the last five or six years is an onslaught of regulations that the industry right or wrong feels have been put in place to help put the industry out of business,' Mullennix says." ( KGOU , 12/1/16)
Since Taking Office President Trump Has Made "Reducing The Regulatory Burden On Oil And Gas Companies A Priority To Drive U.S. Energy Production And Exports. " While the Trump administration has made reducing the regulatory burden on oil and gas companies a priority to drive U.S. energy production and exports, its efforts have drawn rebukes and lawsuits from environmentalists." ( Reuters , 8/29/19)
In 2019, The U.S. Exported More Oil Than The U.S. Imported, For The First Time In 70 Years. "US Exported More Oil Than it Imported For the First Time in Over 70 Years Based on preliminary data and model estimates, EIA (US Energy Information Agency) estimates that the United States exported 140,000 b/d more total crude oil and petroleum products in September than it imported; total exports exceeded imports by 550,000 b/d in October. If confirmed in survey-collected monthly data, it would be the first time the United States exported more petroleum than it imported since EIA records began in 1949." ( Energy Central , 11/18/19)
President Trump Has Implemented Policies To Help Save The Energy Workforce From The Brunt Of The Coronavirus
President Trump Has Put Forth A Plan To Provide Federal Assistance To The Oil And Gas Industry After Being Impacted By The Coronavirus. "President Trump said Tuesday he has ordered his administration to come up with a plan to provide federal assistance to the oil and gas industry in the United States, which has been staggered by the consequences of the coronavirus pandemic." ( The Washington Post , 4/21/20)
As A Result, The Trump Administration Has Awarded Energy Companies Temporary Breaks In Payments For Oil And Gas Extraction To Help Boost The Energy Workforce. "The Trump administration has awarded energy companies hundreds of breaks on payments for oil and gas extraction from U.S. lands and the Gulf of Mexico during the coronavirus pandemic, according to a government database and federal officials. The temporary breaks on royalty and rental payments are intended to help companies with workforce problems or other issues after government-imposed shutdowns due to the pandemic caused fuel demand to plummet worldwide." ( ABC 7 , 6/10/20)
The Trump Administration Has Also Made A Deal Between OPEC, Russia, And Other Oil- Producing Nations "To Curb Production" Which Has Helped Prop Up Oil Prices. "Part of what is propping up oil prices is an agreement between OPEC, Russia and a handful of other oil-producing nations to curb production through much of the spring and summer in response to the pandemic. It was Trump who helped bring Russian leader Vladimir Putin and King Salman of Saudi Arabia to the negotiating table. 'We got Russia together with Saudi Arabia and they cut production,' Trump said Thursday." ( The Washington Post , 6/12/20)
OKLAHOMANS HAVE BENEFITTED FROM THE PRESIDENT'S TAX CUT AND JOBS ACT AS IT HAS BOOSTED WAGES AND HELPED THE ECONOMY FLOURISH
After The Passage Of The Tax Cuts And Jobs Act, Many Oklahomans Received Bonuses, Raises, And Increased Benefits
During The First Year Of The President's Tax Cuts, Americans Paid Almost $64 Billion Less In Federal Income Taxes, Some Of The Sharpest Drops Are Among Taxpayers Who Earned Between $25,000 And $100,000 A Year. "Americans paid almost $64 billion less in federal income taxes during the first year under the Republican tax overhaul signed into law in late 2017 by President Donald Trump, with some of the sharpest drops clustered among taxpayers earning between $25,000 and $100,000 a year, even as the overall number of refunds dropped during a turbulent tax season." ( Market Watch , 3/4/20)
Following The Passage Of The Tax Cut And Jobs Act, Many Employers Gave Out Bonuses, Raises, And Increased Benefits After Benefiting From The New Tax Law. "A growing number of companies benefiting from tax cuts are showing their employees the money. One-time cash bonuses are the most popular way companies are sharing the windfall they expect from paying less in taxes. Many employers are boosting hourly pay. And a small number say they will increase matching contributions to workers' 401(k) plans." ( USA Today , 1/11/18)
AAON, A Tulsa Company, Gave Out Bonuses To 2,000 Employees After The Passage Of The Tax Cut. "TULSA, Okla., Jan. 02, 2018 (GLOBE NEWSWIRE) -- AAON, Inc. (NASDAQ:AAON), today announced personnel employed by AAON on January 1st, 2018, excluding officers, will receive a $1,000 bonus in recognition of the new tax reform law. AAON employs approximately 2,000 individuals at its Tulsa, Oklahoma and Longview, Texas facilities." ( AAON Press Release , 1/2/18)
Webco Industries Based In Sand Springs Gave Employees $1,000 If They've Been There For Over A Year, And $2,000 Were Given To Those Who Have Been There For A Significant Amount Of Time. "Webco Industries based in Sand Springs is the latest employer to give workers a bonus following the passage last year of the Trump Administration's tax plan. Webco says each employee was given $1,000 if they've been there for a year or more. Employees who have been there for a significant amount of time, were given $2,000." ( News On 6 , 3/7/18)
In Result Of The Passage Of The Tax Cuts And Jobs Act, Oklahomans Have Seen Lower Utility Bills
The Oklahoma Corporation Commission Lowered Utility Bills To Customers After Seeing Lower Tax Rates In Result Of The New Law. "Most Oklahomans can expect to start seeing a lower utility bill in the mail later this year. The Oklahoma Corporation Commission voted Tuesday to transfer about $150 million a year in new corporate tax cuts to the customer. Power and gas corporations across the state started seeing lower tax rates Jan. 1, so one commissioner wants your bill to be lowered immediately. The other two commissioners disagreed and won the vote." ( News On 6 , 1/9/18)
Elected Members Of Oklahoma's Corporation Commission Agreed In 2019, That The Lower Rates Will Remain Unchanged. "A majority of elected members of Oklahoma's Corporation Commission on Thursday approved an agreement between Oklahoma Gas and Electric Co. and several other parties that leaves rates for customers unchanged, for now." ( The Oklahoman , 12/20/19)
The Decision Comes As There Is A Lower Collections For Corporate Income Taxes From The Tax Cuts And Jobs Act Of 2017. "The reasons customers won't see an increase on their bills, officials have said, is because of lower collections for corporate income taxes because of the Tax Cuts and Jobs Act of 2017 and because of lower power costs made possible by OG&E's acquisitions of a coal-fired power plant in eastern Oklahoma and a natural gas-fired power generating station in west Oklahoma City." ( The Oklahoman , 12/20/19)
PRESIDENT TRUMP HAS CONTINUED TO SUPPORT OKLAHOMA'S MILITARY COMMUNITY BY IMPLEMENTING HISTORIC LEGISLATION
Oklahoman Troops Have Seen Historic Changes After President Trump Has Backed Legislation That Benefits Their Community
As Of 2010, There Are Over 69,000 Military Personnel, Federal Civilian Personnel And Contractors Based In Oklahoma; 64,700 Jobs In Oklahoma Are Supported By Military Installations. "Over 69,100 military personnel, federal civilian personnel and contractors were employed at Oklahoma's military installations in FY 2010. These jobs, and the operations at the installations, supported an additional 64,700 jobs in Oklahoma's economy for a total employment impact of more than 133,800 jobs in the state." ( Oklahoma Commerce, Accessed 6/18/20)
Since Taking Office, President Trump Has Boosted Funding Each Year And Has Provided The Largest Pay Raise In Nearly A Decade To Service Members. "President Trump signed legislation providing $700 billion for defense in FY 2018 and $716 billion in FY 2019. The President's FY 2020 budget proposal continues this rebuilding by requesting $750 billion in defense spending. President Trump directed the first whole-of-government assessment of the United States manufacturing and defense supply chains since the Eisenhower Administration. Thanks to the President's work, our military members have received their largest pay raise in nearly a decade." ( The White House , 3/20/19)
- In The Latest Defense Spending Bill The President Signed, Troops Received A 3.1% Pay, And Provided The First- Ever Paid Family Leave For Federal Workers. "President Donald Trump approved a colossal defense bill Friday that authorizes a topline of $738 billion for fiscal year 2020. The National Defense Authorization Act, or NDAA, grants a base budget of $658.4 billion and an additional $71.5 billion for overseas contingency operations funding, a.k.a. the war budget. year's legislation includes a 3.1% pay increase for troops, the first-ever paid family leave for all federal workers and the creation of a Space Force - the first addition to the sister services in 72 years." ( CNBC , 12/20/19)
The Law Passed Will Also Help Improve Education, Childcare, And Private Housing For Military Families, And Will Also End The Widow Tax For The Families Of Fallen Hero's. "The law improves education, childcare, and private housing for military families, and it ends the so-called "widow's tax," which blocked benefits for families of fallen heroes. The tax is gone. (Applause.) It was very important. That was very important to us. The 'widow's tax' is gone." ( The White House , 12/20/19)
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