OKLAHOMA CITY —
Gov. Mary Fallin is proposing a .25 percent reduction in Oklahoma’s income tax rate.
Fallin made the proposal Monday while delivering her State of the State address at the start of the 2014 Oklahoma Legislature.
Fallin says she believes that responsibly lowering the income tax is the right thing to do. The governor says it’s the people’s money and it should stay with the people.
Fallin called Oklahomans and the private sector “the true engines of job creation” — not the state government.
Fallin says a tax cut would allow people to invest in businesses, spend money and help create Oklahoma jobs. Fallin says her executive budget includes an additional quarter-point income tax reduction that would return over $100 million to the state economy if fully realized.