Current Weather
The Spy FM

Gov. Fallin to WSJ: Income Tax Cut Coming Next Year

Filed by KOSU News in State Impact.
August 24, 2012

Alex Wong / Getty Images

Gov. Mary Fallin

Despite Republican control of the governor’s office and the state legislature, pledges to cut Oklahoma’s individual income tax failed last year because GOP members, the Wall Street Journal’s Stephen Moore writes, “wanted to spend more on district pet projects rather than cut tax rates.”

Next year will be different, Gov. Mary Fallin tells the paper. Look out, Kansas and Nebraska:

“We are going to get that tax cut done next year,” she insists. “We only had $2 in our rainy day fund when I came into office, but now we have a healthy reserve to finance a rate cut. We cut our unemployment rate by 30 percent since coming into office, and we’ve led the nation in manufacturing jobs.”

The plan, Fallin tells the WSJ, is to get Oklahoma’s top income tax rate of 5.25 percent down to 4.8 percent “or lower” — less than Kansas’s recently reduced rate.

Tax rates are going to come down, the governor promises. It’s only a question of “how much and how fast.”

Powered by WPeMatico

Leave a Reply

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

Listen Live Now!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center