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Governor Mary Fallin is proposing a plan to drastically cut state income taxes for all Oklahomans, eliminating the tax entirely for one bracket.
Fallin announced the Oklahoma Tax Reduction and Simplification Act Monday, during the State of the State address.
Currently, there are seven tax brackets in Oklahoma, under Fallin’s new plan, there would only be three.
A couple making $30,000 or less would not pay state income taxes at all.
“$30,000 and below, I mean that revenue would just go right back into the economy it’s going to create more jobs and it’s going to help me personally,” said Bixby resident, Rob Emanuel.
Emanuel is hopeful the new tax plan becomes a reality, he says it’s tough to make ends meet for his family of five.
“The means of our particular incomes at this particular time are not enough to sustain the family that we currently have,” said Emanuel.
The Emanuel’s are part of 12,000 families that get a little help from the Bixby Community Outreach Center.
“We finding that both parents are working adults, making minimum wage, or maybe just a little bit above and it’s very difficult for them to make it on those particular salaries,” said Exec. Director Natalie Kemmerly.