GOVERNOR. YEAH, ZACH, THAT’S RIGHT. PRO TEM GREG TREAT SAYS THE CURRENT STATE OF THE ECONOMY MAKES HIM NERVOUS AND THAT DOING AWAY WITH THE STATE INCOME TAX WOULD BE A $4 BILLION BLOW TO STATE REVENUE. I THINK THE GOVERNOR HAS MORE CONFIDENCE IN THE BIDEN ECONOMY THAN I DO. I’M STILL NERVOUS ABOUT WHAT THE FUTURE OF OUR STATE ABILITY TO PAY OUR BILLS LONG TERM. IT’S A CUT AND DRY ISSUE. PRO TEM TRE DID SAY HIS MEMBERS WILL ANSWER THE CALL AND WILL CONVENE ON OCTOBER 3RD. LIKE THE GOVERNOR ASKED. HOWEVER, THE SENATE WILL ALSO HOLD A BUDGET MEETING THAT SAME DAY AND INVITE GOVERNOR KEVIN STITT. DURING THAT COMMITTEE MEETING. THEY WANT THE GOVERNOR TO LAY OUT A PLAN FOR WHAT CAN BE DONE TO BOTH ELIMINATE THE STATE’S INCOME TAX, WHILE ALSO PAYING FOR ESSENTIAL SERVICES. TREAT ARGUES THERE IS NO PRECEDENT FOR A STATE TO ELIMINATE SUCH A MAJOR REVENUE SOURCE LIKE AN INCOME TAX. I PERSONALLY, PHILOSOPHICALLY WOULD LOVE TO SEE ZERO INCOME TAX, BUT TO GET THERE, NO STATE HAS HAD AN INCOME TAX AND THEN ELIMINATED IT ENTIRELY. WE NOW, WITH THIS INVITE OFFICIALLY EXTENDED TO THE GOVERNOR. THE BALL SEEMS TO BE BACK IN HIS COURT, SO WE’
Oklahoma leader want to see Stitt's plan after he calls special session on tax cuts
They specifically looked for a lowering and eventual elimination of the state income tax.
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Updated: 4:07 PM CDT Sep 13, 2023
Oklahoma leader of the Senate wants to see the plan after Gov. Kevin Stitt called for a special session on tax cuts.They specifically looked for a lowering and eventual elimination of the state income tax. Sen. Pro Tem Greg Treat said the current state of the economy makes him nervous, arguing that doing away with the state income tax would be a $4 billion blow to state revenue."I think the governor has more confidence in the Biden economy than I do. I’m still nervous about the future of our state's ability to pay our bills long-term," Treat said.Get the latest news stories of interest by clicking here.Treat said his members would answer the call and would convene on Oct. 3 as the governor asked. However, the Senate will also hold a budget meeting the same day and invite the governor.During their committee meeting, they wanted the governor to lay out a plan for what could be done to both eliminate the state's income tax and pay for essential services. Treat argued there's no precedent for a state to eliminate such a major revenue source, such as income tax.>> Download the KOCO 5 App"I personally, philosophically, would love to see zero income tax, but to get there, no state has had an income tax, then eliminated it entirely," Treat said.Now, with that invitation officially extended to the governor, the ball seems to be back in his court, so we will have to wait and see how he replies.Top HeadlinesEscaped Pennsylvania inmate captured after two-week manhuntWATCH: Man saves driver trapped inside burning carOklahoma investigating disgraced ex-Baylor coach Briles being on the field with Sooners assistant Jeff LebbyLawsuit filed to keep former President Donald Trump off Oklahoma's 2024 ballotSearch party for missing Oklahoma City woman ends in discovery of skeletal remains
OKLAHOMA CITY — Oklahoma leader of the Senate wants to see the plan after Gov. Kevin Stitt called for a special session on tax cuts.
They specifically looked for a lowering and eventual elimination of the state income tax. Sen. Pro Tem Greg Treat said the current state of the economy makes him nervous, arguing that doing away with the state income tax would be a $4 billion blow to state revenue.
"I think the governor has more confidence in the Biden economy than I do. I’m still nervous about the future of our state's ability to pay our bills long-term," Treat said.
Get the latest news stories of interest by clicking here.
Treat said his members would answer the call and would convene on Oct. 3 as the governor asked. However, the Senate will also hold a budget meeting the same day and invite the governor.
During their committee meeting, they wanted the governor to lay out a plan for what could be done to both eliminate the state's income tax and pay for essential services. Treat argued there's no precedent for a state to eliminate such a major revenue source, such as income tax.
>> Download the KOCO 5 App
"I personally, philosophically, would love to see zero income tax, but to get there, no state has had an income tax, then eliminated it entirely," Treat said.
Now, with that invitation officially extended to the governor, the ball seems to be back in his court, so we will have to wait and see how he replies.
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