The Oklahoma House is expected to vote today, in Special Session, on a package of ‘revenue enhancements’. That is legislative-speak for tax increases.
The measures would increase the cost of cigarettes by $1.50 per pack. It would increase the cost of a gallon of gasoline by 6-cents per gallon. The tax on new oil and gas wells would go from 2% to 4%.
That is expected to raise enough revenue to give Oklahoma teachers a $5,000 annual pay hike.
The measure will require a three-fourths majority to pass and be sent on to the state senate for consideration.