Fallin, GOP Leaders Temper Talk Of Deep Tax Cut - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

NEWS

Fallin, GOP Leaders Temper Talk Of Deep Tax Cut

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

Gov. Mary Fallin and Republican legislative leaders say they remain committed to reducing Oklahoma's income tax, but all appear to be supporting a more cautious approach to tinkering with the source of about one-third of the money lawmakers appropriate each year.

Fallin says she still plans to push for a tax cut but acknowledged she will offer a less ambitious proposal than her plan last year, which would have immediately cut the top rate from 5.25 percent to 3.5 percent and offset much of the lost revenue by eliminating various deductions and exemptions.

Incoming House Speaker T.W. Shannon says slashing the state's income tax will remain a priority in that legislative chamber but he acknowledged any tax cut must be "balanced against a commitment to core government services."

Special Features

iPhone App

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

Mobile Alerts

Get breaking news, headlines, weather alerts & more on your cell phone.

Radars

See where weather is happening using our live interactive radars.

Classifieds

Use our free classifieds to find the things you need or sell your items.

TV Schedule

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

Live Radar

ESP Interactive
Powered by WorldNow
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
OKLAHOMA CITY'S OWN TM
Oklahoma's Own 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 including Oklahoma City's Own.
All content © Copyright 2000 - 2014, WorldNow and KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.