Oklahoma House’s top Democrat: No time for tax cut
Ponca City Now - April 18, 2014 8:42 am
OKLAHOMA CITY (AP) – The Oklahoma House’s top Democrat says critical state education and transportation needs coupled with declining tax revenue means the timing is not right to pass an income tax cut this year.
Democratic Leader Scott Inman of Oklahoma City made the comments shortly after the House adjourned on Thursday. Proposals to reduce the state’s 5.25 percent top income tax rate by a quarter of a percentage point once revenues improve are expected to be considered by the Legislature next week.
Inman says educators have asked lawmakers to restore budget cuts that have trimmed $200 million from public school budgets in recent years. And lawmakers want to increase funding for road and bridge repairs.
Inman says those goals cannot be achieved as long as lawmakers continue to cut back on revenue.