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Gov. Fallin on Efforts to Cut the Okla. Income Tax

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    Gov. Mary Fallin, (R-Okla.), on efforts to cut income taxes in the state.

  • Duration 2:57
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Saying this sooner the battle for tax cuts Oklahoma's name is it are no stated got tax or they're cutting what they do that's -- my next -- It is creating quite the sensation wasn't attacks -- -- that she says will create jobs and makers save more competitive Republican governor mayor Donald.

Sort of Rendell governor great to have you -- -- -- -- -- we Begin now what's the reaction you're getting.

-- reactions -- good actually -- that's been -- in -- watching as our local media's gone ramming interviewed people in the community.

Asked what their reaction would be if they had to pay no wind -- tax or if -- tax rate to cut almost in half have that would affect their family.

And we've heard great testimonials but people don't even know tell me they would certainly benefit their famous especially those -- are on the lower income.

Have brackets those that are middle income and how would make a big difference and how they support their family small businesses have tell -- he would make a big this difference to them to.

Because they'd rather spend time.

I'm building their businesses creating jobs selling their products that -- to figure out a complicated tax -- You know governor invariably comes back and Samir neighboring states of that they've seen us.

Where whenever a long term revenue -- you get from doing something like this.

There is that bomb in the meantime -- -- not come again and then into the revenues and coming and how do you address that answer.

Media critics who say they're there could be other -- Well of course there are people into will argue that point -- but when things we tried to do and developing our.

Plan and we spent a lot of time working on this.

Is a focus at looking at what we call our carve outs are -- vols are for deals have been made for various credits.

-- in our tax code and trying to focus on eliminating those actually have a list of around 39 -- that I propose that we eliminate.

Which will help us -- keep -- -- into our our state budget.

And then also you know were going to focus on.

Cutting their income tax by three ways one is looking at the car -- tax credits second -- by making government more efficient I've already initiated several plans this past year.

Cutting expenses and government make it more efficient more effective.

And -- that I've done -- I've got plans this year and third through the natural growth as you mentioned in our economy.

And wallet that and we propose.

Going from seven different tax brackets down to three tax brackets going from zero to 30000.

It would pay is a couple people paid zero taxes from 300078002.

Point 25%.

Income tax.

And then -- send -- thousand on.

3.5 percent.

And that's down from five point 25%.

And and so I think that will help make Oklahoma more competitive especially get Texas down our sap.

-- has no taxes Kansas Missouri is looking at cutting their income tax along with may have states in the nation.

-- and a lot of people's attention governor it's good having him good having you back -- well.

God's gonna be with you to.

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