Steep Income Tax Reduction Won’t Happen This Year, Gov. Fallin Says
Gov. Mary Fallin’s proposed steep reduction of the state’s top individual income tax rate won’t happen this year.
“There doesn’t seem to be the appetite in the state Legislature to make a huge, significant cut in the income tax, but I’m still pushing to get an income tax reduction that will be meaningful, that will help the people of Oklahoma and certainly help our business owners,” Fallin said.
Falin met with House and Senate budget leaders today, but wouldn’t tell the AP how deep a cut she expects, but “that lawmakers in the GOP-controlled House are discussing a cut that would drop the top rate below 5 percent.”