Oklahoma AG says the stimulus bill could threaten tax cuts
March 17, 2021
OKLAHOMA CITY (AP) — A provision of the latest federal stimulus package could threaten a series of state tax cut bills moving through the Legislature, Attorney General Mike Hunter said Tuesday.
Hunter, a Republican, said a provision in the American Rescue Plan Act of 2021 passed by Congress by party-line votes prohibits states from cutting taxes until 2024 if they get funds from the $1.9 trillion package.
"The federal stimulus bill might prohibit Oklahoma from providing this economic relief without losing its share of federal funding to high-tax states," Hunter said in a statement. "From...