Shannon on New Tax Cut Plan: “We need to provide tax relief now, not delay it another year…”
Oklahoma Senate unveils new personal income tax cut plan
An Oklahoma Senate committee gutted Gov. Mary Fallin’s personal income tax-cutting proposal Thursday. The governor responded by telling legislators to decide the details of a new tax-cut plan and send it to her.
By Michael McNutt | Published: April 5, 2013
A Senate committee gutted Gov. Mary Fallin’s personal income tax-cutting proposal Thursday and replaced it with a new plan.
Sen. Mike Mazzei, R-Tulsa, chairman of the Senate Finance Committee, inserted the new language in House Bill 2032 three days after a House budget subcommittee voted down his measure to reduce the personal income tax.
Proponents of a personal income tax cut said the apparent retaliatory action could cause efforts to fizzle just as they did a year ago when lawmakers, after sorting through five income tax-cutting measures, couldn’t agree on two compromise bills the last days of the session.