Enid News: New budget plans would go after low-income parents
media mention“A plan being discussed by Legislative leaders would eliminate the Child Tax Credit and reduce by one-fourth the Earned Income Tax Credit and the Sales Tax Relief Credit. This would shift taxes onto those families who were largely left out of Oklahoma’s income tax cuts, and it would have the worst impact on families raising children. For example, the proposal would mean a $180 tax increase for a couple with two children making $35,000. The same family got just $9 from this year’s income tax cut. A middle-income family earning $49,800 a year with four kids would see a tax increase of $270, more than the $228 they have gotten back from every income tax cut in Oklahoma over the past 12 years.”