DEATHS

Homer Milton Hanson, 81

Born Saturday, February 29, 1936

Died Tuesday, December 12, 2017

Willard Dale Judkins, 85

Born Sunday, October 9, 1932

Died Tuesday, December 12, 2017

Dennis Wayne Goad, Sr., 59

Born Wednesday, July 23, 1958

Died Monday, December 11, 2017

Raymond Joe Hill, 65

Born Monday, March 10, 1952

Died Monday, December 11, 2017

Roy Eldon "Don" Harp, 74

Born Tuesday, November 23, 1943

Died Monday, December 11, 2017

Roy Eldon "Don" Harp, 74

Born Tuesday, November 23, 1943

Died Monday, December 11, 2017

Willie Lee Griffin, 85

Born Saturday, December 12, 1931

Died Monday, December 11, 2017

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EVENTS

Thursday, December 14, 2017

Castle Christmas
Mike Herndon Band at Music Hall of Fame

Friday, December 15, 2017

Castle Christmas
Swon Brothers play Salvation Army fundraiser

Saturday, December 16, 2017

Castle Christmas
Wreaths Across America

Tuesday, March 14, 2017, 8:39 AM

The full Senate has given approval to a measure that would repeal an economic trigger that would lower the state’s top income tax rate from 5 percent to 4.85 percent. Sen. Roger Thompson, R-Okemah, is the author of Senate Bill 170 which was approved by a wide margin in the Senate on Monday.

The cut would have been just another in a series of Republican tax cuts to the top wage earners in Oklahoma that are believed to be in part responsible for the state’s huge shortfall in budget.

“I believe with this vote the Senate is saying we need to quit digging—we need to stabilize our income,” Thompson said. “At this point in time, we need to pay our bills and let future legislatures deal with the decision of whether to reduce taxes further.”

Thompson, chair of the Senate Appropriations Subcommittee on Finance, said when the Legislature began cutting income taxes several years ago under then-Governor Brad Henry, the state had a surplus of funds. But after facing revenue shortfalls of $600 million two sessions ago, $1.3 billion last session, and $878 million this year, Thompson said ending the trigger is the right thing to do.

“It would only take growth in the amount of $97 million to trigger another state income tax cut from 5 percent to 4.85 percent,” Thompson said. “That wouldn’t be very much at all after the shortfalls we’ve seen. For right now, we need to focus on meeting our financial obligations.”

SB 170 now moves to the House of Representatives for further consideration.

LocalOklahomaPolitics
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