Environment, Education, Energy: Policy to People

Gov. Fallin to WSJ: Income Tax Cut Coming Next Year

Alex Wong / Getty Images

Gov. Mary Fallin

Despite Republican control of the governor’s office and the state legislature, pledges to cut Oklahoma’s individual income tax failed last year because GOP members, the Wall Street Journal‘s Stephen Moore writes, “wanted to spend more on district pet projects rather than cut tax rates.”

Next year will be different, Gov. Mary Fallin tells the paper. Look out, Kansas and Nebraska:

“We are going to get that tax cut done next year,” she insists. “We only had $2 in our rainy day fund when I came into office, but now we have a healthy reserve to finance a rate cut. We cut our unemployment rate by 30 percent since coming into office, and we’ve led the nation in manufacturing jobs.”

The plan, Fallin tells the WSJ, is to get Oklahoma’s top income tax rate of 5.25 percent down to 4.8 percent “or lower” — less than Kansas’s recently reduced rate.

Tax rates are going to come down, the governor promises. It’s only a question of “how much and how fast.”

StateImpact Oklahoma is a partnership among Oklahoma’s public radio stations and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online.


About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »