Okla. leaders discuss income tax cut delay

By: From Wire Reports
By: From Wire Reports

OKLAHOMA CITY (AP) - House Speaker T.W. Shannon and Gov. Mary Fallin both appear open to delaying a planned personal income tax cut until 2015, an idea that already has been endorsed by Senate leaders.

Shannon said Thursday he "wouldn't close the door" on delaying the cuts until 2015, but that he would prefer a deeper cut if the implementation date is pushed back.

Shannon and Fallin both endorsed a plan to reduce Oklahoma's top personal income tax rate from 5.25 percent to 5 percent, effective Jan. 1. But that bill was changed in the Senate to drop the top rate to 4.95 percent, effective Jan. 1, 2015.

Fallin spokesman Alex Weintz says the governor prefers an immediate cut, but added the effective date is negotiable.

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