Oklahoma Policy Institute released the following statement in response to the passage of SB 1246, which schedules automatic cuts to the top income tax rate:
Today House members have ignored the wishes of most Oklahoma voters and the best evidence for what helps Oklahoma’s economy. They approved tax cuts that will do little to nothing for most families while taking over $250 million out of schools and other important foundations of our economy. They voted for automatic tax cuts for future years even though the Tax Commission can’t say how much it will cost and we have no projections of what our budget needs will be.
Today a bipartisan group of legislators voted against these irresponsible tax cuts. We hope Oklahomans will continue to speak out until the responsible voices become a majority.