Bill clears Senate a day after leaders announce agreement on tax cut plan.
A bill hammered out in the Legislature to lower the state's personal income tax rate, is moving forward. This, a day after Governor Fallin and other lawmakers announced an agreement on a tax-cut plan.
Senate President Pro Tempore Brian Bingman said the personal income tax rate would be lowered in phases over the next few years, contigent on state revenue growth.
"January of '15, the rate will drop a quarter down to five percent. January '16 it will drop another point one-five down to four-point-eight five (percent)."
Bingman said the average Oklahoma should see an income tax savings of eighty to one-hundred dollars.
But several Democrats, like Senator Susan Paddack of Ada, said lawmakers should focus on increasing wages for public safety workers, like prison employees.
"I can tell you for a fact, he won't care about eighty to a hundred dollars extra in his pocket, if he can't take care of his family because we haven't paid him enough as a prison guard."
Paddack and other Democrats say this isn't the time for tax cuts, when core services need better funding.
The bill now goes back to the House, after passing the Senate 32 to 14, on Wednesday.
(Sen. President Pro Tempore Brian Bingman, (R) - Sapulpa.)
(Sen. Susan Paddack, (D) - Ada.)