Oklahoma Governor, Lawmakers Agree On Tax Cut - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

Oklahoma Governor, Lawmakers Agree On Tax Cut

Posted: Updated:
[File Photo] [File Photo]
OKLAHOMA CITY -

The governor and Oklahoma's Republican-controlled Legislature have reached an agreement on a nearly one-half of 1 percent cut to the personal income tax rate.

House Speaker Kris Steele, Senate president Pro Tem Brian Bingman and Gov. Mary Fallin announced details of the plan Thursday, flanked by dozens of legislators.

Reducing the state's income tax has been a top priority for Fallin, who says lower income taxes will make the state more attractive to businesses and industries.

Fallin initially wanted a deeper tax cut, but legislators resisted the elimination of tens of millions of dollars in tax breaks needed to pay for the plan.

Democrats have promised to oppose any cuts to the income tax, saying it will jeopardize funding for critical state services like education and public safety.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Politics

Breaking political news & the latest headlines from the state capitol & D.C.

Radars

See where weather is happening using our live interactive radars.

Technology

Spend your money wisely with reviews of new tech gadgets & the latest news in technology.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive
Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.