Oklahoma House Democrats propose $1.4B in revenue proposals
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March 24, 2017
OKLAHOMA CITY (AP) — Oklahoma Democrats are proposing nearly $1.4 billion worth of revenue proposals to help prevent deep budget cuts to state programs and provide funding for a teacher pay raise.
House Democratic Leader Scott Inman announced the plan Thursday with more than a dozen Democrats at his side. It includes increasing taxes on oil and gas production, cigarettes and income for individuals earning more than $100,000 a year.
The plan also includes changes to several tax subsidies for individuals and businesses.
Democrats are outnumbered 73-26 in the House, but Republicans need Democratic support for most tax increases, which require a three-fourth's vote to pass in the Legislature.
Meanwhile, House budget committees are meeting to discuss the potential impact of cuts as deep as 14 percent to some state agency budgets.
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