SB 170 removes income tax rate reduction formulas that automatically reduce the income tax rate if state tax revenue hits a certain level.
|Here is a bill that was chosen for scoring the RINO Index, |
& why this bill is bad for the average Oklahoman.
We never were fans of Fallin's tax decreases because it was all Kabuki Theater because they were raising other taxes and fees and the tax credits were plundering the state tax income. Still, the triggers were set only if state revenue is rising so why bother?