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Lawmakers Search For Optimum Tax Policy

Oklahoma Representative Mark McCullough, Republican from Sapulpa.
Oklahoma House of Representatives

Representatives Mark McCullough and Earl Sears had one goal Wednesday during a hearing on their joint interim study: Begin the search for the optimal tax policy.

McCullough, R-Sallisaw, said each year of his legislative proposals to reduce the individual income tax or create or extend new tax credits were introduced but there was no real talk of tax policy.

“I want to know what it would look like to have an optimal tax policy that ensures the economy is running on all eight (cylinders) and still have sufficient revenue for essential state services,” McCullough said during the House Appropriations and Budget Subcommittee on Revenue, Taxation and Employee Compensation hearing of Interim Study 14H-042, requested by McCullough and Sears and 14H-066, requested by Rep. Todd Thomsen, R-Ada. 

The discussion ranged from the complexity of the tax code to the increase in deductibles combined with the income tax reductions, to problems with the corporate tax and the question of whether to shift the tax burden or shrink the size of government.

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