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House Votes Down Ammendment To Block Planned Tax Cut

Oklahoma State Capitol
LLudo
/
Flickr (CC BY-NC-SA 2.0)

The Oklahoma House has soundly rejected a proposal that would have blocked a planned cut in the state's personal income tax rate next year.

House members voted 72-28 Monday against an amendment that would have set aside the scheduled cut in Oklahoma's top personal income tax rate from 5.25 percent to 5 percent, beginning in January.

The proposal by House Democratic Leader Scott Inman of Oklahoma City was filed as an amendment to legislation dealing with tax liens. Inman says the state is facing a $611 million budget hole this year and can't afford the $57 million reduction in income tax revenue the cut will cost during the fiscal year that begins July 1.

Republican supporters say taxpayers should keep more of their income.

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