Category Archives: Business

Tariffs Reduce Deficit by $4 Trillion

The Congressional Budget Office (CBO), in a post August 22, declared that as of August 19, increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period. By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether.

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Rep. Gann Challenges PSO

An appeal brief filed Thursday by Rep. Tom Gann, R-Inola, asks the Oklahoma Supreme Court to invalidate some $700 million in ratepayer-backed bonds issued to cover costs incurred by Public Service Company of Oklahoma (PSO) during February 2021’s Winter Storm Uri. Payments for those bonds have been collected on the monthly bills of PSO’s customers since the bonds were issued in September 2022. They are scheduled to continue for another 17 years.

Gann’s brief tells the court that the Oklahoma Corporation Commission (OCC) failed to provide a required audit of the bonds in PSO’s most recent rate case. He also argues PSO’s original 2021 Uri costs that were securitized into the bonds were never audited either.  Gann asserts the audit failures are fatal in both cases, making the OCC’s orders void.

Rep. Tom Gann
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American Energy Prioritized

U.S. Secretary of Agriculture Brooke L. Rollins Thursday issued a memorandum announcing a new policy directive prioritizing land use efficiency when evaluating proposals for power generation projects on National Forest System lands.

“America has the resources and ingenuity to power our future without depending on foreign adversaries. For too long, misguided federal subsidies and policies have pushed unreliable energy projects that waste taxpayer dollars. Those days are over,” said Secretary Rollins. “Under this memorandum, we are putting America first, ensuring that every acre of federally managed land is used wisely, balancing the needs for energy security with our responsibility to safeguard natural resources. We will no longer allow foreign-made solar panels or inefficient energy projects to undermine our national security. We are prioritizing reliable power sources, reducing costs, and preserving more land for recreation, timber, and wildlife for future generations.”

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OK’s 20.2% Manufacturing Drop

Oklahoma saw a 20.2% decline in its manufacturing employment between 2000 and 2024. This translates to a loss of 35,569 jobs during that period. Federal Reserve Bank of St. Louis new data released August 1 shows U.S. manufacturing employment continued to fall in July 2025—reaching its lowest level since April 2022—even as billions of dollars pour into new plants and reshoring initiatives nationwide.

While policymakers often cite job creation as a central goal of bringing manufacturing back home, today’s highly automated factories mean employment is unlikely to return to past levels. U.S. manufacturing jobs have declined sharply over the past two decades, even as output has grown and Oklahoma’s manufacturing GDP increased by 10.6% over the same span.

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Drive EV Oklahoma Relaunches

Analysis: The Association of Central Oklahoma Governments (ACOG) and the Indian Nations Council of Governments (INCOG) announced today the relaunch of Drive EV Oklahoma, a statewide initiative to promote electric vehicle (EV) adoption that prioritizes cleaner air, better health, and lower transportation costs for Oklahomans. It does make us wonder how the two largest shadow government organizations in the state have directed taxpayer money to promote such a cause and why?

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