Conservative Think Tank Urges Deep Income Tax Cut
OKLAHOMA CITY (AP) — Accompanied by Republican lawmakers, a conservative think-tank has released a proposed budget that supporters say outlines a way to cut the state's income tax by one-half of 1 percent without reducing funding to core government services.
The Oklahoma Council of Public Affairs released its annual budget book on Monday.
Officials with OCPA praised Gov. Mary Fallin and House Speaker T.W. Shannon for efforts to reduce the top personal income tax rate from 5.25 percent to 5 percent. But they said Oklahoma could afford to cut the rate even further by eliminating funding for several state programs and overhauling the health benefits package for state workers.
The conservative think-tank recommended eliminating funding altogether for state agencies like the Oklahoma Arts Council and Oklahoma Educational Television Authority.