Gov. Kevin Stitt is calling legislators to a special session and asking for a .25% personal income tax cut.
Stitt says the state has $5.4 billion in savings and is in a good position to lower the personal income tax burden for Oklahomans, according to a press release from his office.
“From day one, I’ve called on the Legislature to give Oklahomans a much deserved tax cut," Stitt said. "With record-breaking savings and a strong economic outlook, there's not time like the present to deliver a pay raise to all Oklahomans."
In response, Oklahoma House Democratic Leader Cyndi Munson released a statement questioning the Governor’s fiscal responsibility.
"The governor’s call for a special session to cut income taxes is just his latest political stunt, and it is not a genuine attempt to lower costs for Oklahoma families," said Munson. "We have not even completed our agency budget hearings to gain a comprehensive understanding of our state's fiscal picture, including the potential loss of federal dollars post-Covid."
This is the second time Stitt has summoned lawmakers into the capitol for a special tax cut session in recent months. This fall, the state Senate gaveled in and out on the same day to answer his call without passing any legislation.
The regular session is scheduled to begin on Feb. 5.
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