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Three Big Things
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Severe weather threatens Tulsa

Severe weather threatens Tulsa

Large hail, heavy rain and winds up to 70 m.p.h are in the forecast for Green Country into late Saturday night. There is also a possibility of a tornado. The organizers of Oktoberfest decided to close early. Hundreds of PSO customers lost power shortly before 10pm Saturday.  You can get weather alerts sent to your cell phone on the KRMG app.  KRMG is in constant contact with meteorologists at FOX23 and the National Weather Service.  Tune to NEWS102.3 and AM740 KRMG for the very latest on the severe weather threat.

A job for voters – get yourself ready for the details of tax reform

A job for voters – get yourself ready for the details of tax reform

As the Congress gets moving in coming weeks on the first serious effort at tax reform since the mid-1980’s, it is important for the folks back home to remember one thing – while the focus for many Americans will be on the individual tax rates and changes that impact every day taxpayers, this package is likely to be about so much more than just that, as a look back at the big tax bills of the Reagan Administration so easily demonstrates. “I will tell you, our country needs tax cuts,” the President said in recent days, making the case that tax reform will spur economic growth in the United States. “We’re fighting for lower taxes, big tax cuts, the biggest tax cuts in the history of our nation. We’re fighting for tax reform, as part of that,” Mr. Trump said. And so, the voters have a bit of a homework assignment, because tax reform is about a lot more than just cutting the tax rate that Joe Six Pack and his wife pay to Uncle Sam. Your fact of the day: Congress has not acted on a major tax reform bill since the Tax Reform Act of 1986 — Jamie Dupree (@jamiedupree) April 15, 2010 The 1980’s were an active time for the House Ways and Means Committee, and the Senate Finance Committee – those are the panels in charge of writing tax measures in the Congress. During the Reagan Administration, we had three major tax bills become law: + The Reagan tax cuts of 1981, the “Economic Recovery Tax Act of 1981.” + The next year, there was a major bill to increase taxes, the “Tax Equity and Fiscal Responsibility Act of 1982.” + Then, both parties came together for major changes to the Internal Revenue Code with the 1986 Tax Reform Act. If you look at the 1986 Act, it starts with something that may end up being a prime focus in 2017: Sec. 101. Rate Reductions Sec. 102. Increase in standard deduction But there is so much more that is involved in that 879 page bill, just as there was so much more than individual matters in the 1981 and 1982 tax bills. The 1986 bill had provisions on capital gains, real estate, business tax credits, investment tax credit, depreciation, energy, agriculture, limits on certain tax shelters, provisions affecting life insurance, pensions, foreign tax provisions, and on, and on, and on. Lots of people have told me in recent years of how lawmakers should “read the bill.” Well, the last three big tax measures from the 1980’s are all linked on this page. Read the bills. And start realizing just how complicated this can be on tax reform.

Storms possible during 10th anniversary of Tulsa microburst storm

Storms possible during 10th anniversary of Tulsa microburst storm

It has been 10 years since a microburst storm caused injuries and damage at the Tulsa Oktoberfest. In fact, over two dozen people were injured at the event. Corporal Mark Shelton worked the festival that night and will be out there this weekend.  He says the strong winds played havoc with the tents. “The wind had enough force to actually lift up and force those very heavy polls off their moorings,” Shelton said.  “They made their way through the crowd.” April Kidwell was also there back in 2007 and she says the situation was scary to say the least. “I just happened to look up and the DJ at the time was thrown off of the DJ booth,” Kidwell said.   Organizers tell us they do have a plan ready, if severe weather strikes tonight.

The Herman Cain Live Lounge Listener Lunch has been rescheduled!  WHAT/WHO: A KRMG Live Lounge Listener Lunch with Herman Cain - presented by Travis Watkins Tax Firm WHEN: Wednesday, November 1st at 12pm (arrive early to claim reserved seating) WHERE: In our brand new KRMG Oklahoma Joe's Bar-B-Cue Performance Center (remember KRMG has moved to 26th and Memorial)  INFO: Lunch will be provided by Oklahoma Joe’s Bar-B-Cue! PLEASE NOTE: We are at capacity and reserved seating for this event is no longer available.  A limited number of admissions may be available day of show on an as available and  first come, first served basis beginning at 11:45am. Herman Cain is an award-winning local talk radio host, author, business executive, syndicated columnist and 2012 GOP presidential candidate. Herman replaces long-time listener favorite and national Radio Hall of Fame member Neal Boortz, who retired in January 2013 after more than 40 years behind the mic.
The Herman Cain Live Lounge Listener Lunch has been rescheduled!  WHAT/WHO: A KRMG Live Lounge Listener Lunch with Herman Cain - presented by Travis Watkins Tax Firm WHEN: Wednesday, November 1st at 12pm (arrive early to claim reserved seating) WHERE: In our brand new KRMG Oklahoma Joe's Bar-B-Cue Performance Center (remember KRMG has moved to 26th and Memorial)  INFO: Lunch will be provided by Oklahoma Joe’s Bar-B-Cue! PLEASE NOTE: We are at capacity and reserved seating for this event is no longer available.  A limited number of admissions may be available day of show on an as available and  first come, first served basis beginning at 11:45am. Herman Cain is an award-winning local talk radio host, author, business executive, syndicated columnist and 2012 GOP presidential candidate. Herman replaces long-time listener favorite and national Radio Hall of Fame member Neal Boortz, who retired in January 2013 after more than 40 years behind the mic.
The Herman Cain Live Lounge Listener Lunch has been rescheduled!  WHAT/WHO: A KRMG Live Lounge Listener Lunch with Herman Cain - presented by Travis Watkins Tax Firm WHEN: Wednesday, November 1st at 12pm (arrive early to claim reserved seating) WHERE: In our brand new KRMG Oklahoma Joe's Bar-B-Cue Performance Center (remember KRMG has moved to 26th and Memorial)  INFO: Lunch will be provided by Oklahoma Joe’s Bar-B-Cue! PLEASE NOTE: We are at capacity and reserved seating for this event is no longer available.  A limited number of admissions may be available day of show on an as available and  first come, first served basis beginning at 11:45am. Herman Cain is an award-winning local talk radio host, author, business executive, syndicated columnist and 2012 GOP presidential candidate. Herman replaces long-time listener favorite and national Radio Hall of Fame member Neal Boortz, who retired in January 2013 after more than 40 years behind the mic.
The Herman Cain Live Lounge Listener Lunch has been rescheduled!  WHAT/WHO: A KRMG Live Lounge Listener Lunch with Herman Cain - presented by Travis Watkins Tax Firm WHEN: Wednesday, November 1st at 12pm (arrive early to claim reserved seating) WHERE: In our brand new KRMG Oklahoma Joe's Bar-B-Cue Performance Center (remember KRMG has moved to 26th and Memorial)  INFO: Lunch will be provided by Oklahoma Joe’s Bar-B-Cue! PLEASE NOTE: We are at capacity and reserved seating for this event is no longer available.  A limited number of admissions may be available day of show on an as available and  first come, first served basis beginning at 11:45am. Herman Cain is an award-winning local talk radio host, author, business executive, syndicated columnist and 2012 GOP presidential candidate. Herman replaces long-time listener favorite and national Radio Hall of Fame member Neal Boortz, who retired in January 2013 after more than 40 years behind the mic.
A job for voters – get yourself ready for the details of tax reform

As the Congress gets moving in coming weeks on the first serious effort at tax reform since the mid-1980’s, it is important for the folks back home to remember one thing – while the focus for many Americans will be on the individual tax rates and changes that impact every day taxpayers, this package is likely to be about so much more than just that, as a look back at the big tax bills of the Reagan Administration so easily demonstrates.

“I will tell you, our country needs tax cuts,” the President said in recent days, making the case that tax [More]