Guv Doesn’t Favor Tax Cut Delay
Oklahoma Gov. Mary Fallin doesn’t favor delay of income tax cut
By Michael McNutt
Governor doesn’t favor delaying state personal income tax cut
Delaying any reduction of the state’s personal income tax for a year is not an option, even if the money saved by not implementing the cut for a year would go to repairing the state Capitol, one of her key priorities, Gov. Mary Fallin said Wednesday.
The GOP governor said she is willing to consider various options by the Republican-controlled Legislature to lower the state’s top personal income tax rate of 5.5 percent, but she opposes postponing any reduction from taking effect later than Jan. 1.
“My preference is that we still are able to give some relief to our taxpayers right now,” Fallin said. “People in Oklahoma have seen their paychecks cut because their Social Security taxes went up. People in Oklahoma have less money in their pocketbooks and one of the ways that we can help relieve some of that is to give them a tax cut this year.”