Oklahoma Policy Institute: Halt the Tax Cut

The cut to the top income tax rate will provide minimal benefit to all but the wealthiest Oklahomans. The average middle-income household will see its taxes lowered $31 a year, or $2.60 per month. Forty percent of households will get no benefit at all. Yet the cut will add some $50 million to the budget hole for the upcoming fiscal year and $150 million in 2017, when out budget outlook is likely to look equally grim.

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