February 6, 2012
The State Chamber of Oklahoma
OKLAHOMA CITY—State Chamber President Fred Morgan comments on Gov. Mary Fallin's tax plan, outlined today in her State of the State address. The plan aligns with The State Chamber's 2012 Business Agenda goal of gradually reducing the income tax without shifting the tax burden onto Oklahoma businesses.
"We applaud Gov. Fallin's tax plan laid out in today's State of the State speech, as it aligns with The State Chamber's position to support the restructuring of Oklahoma's tax system to allow for the gradual reduction of the state's personal income tax with assurance that the tax burden will not be shifted onto businesses, including any new taxes on services.
"We must do all we can to compete globally for jobs and investment. As other states are forced to look at tax increases to fill budget gaps due to the ongoing national recession, the fact that Oklahoma is taking a fiscally responsible approach to tax reduction is a fact that will undoubtedly receive national attention and help with our state's economic development efforts.
"We look forward to working with legislative leaders and the governor as conversations continue throughout session about ways to improve our state's business climate and create and retain jobs in Oklahoma."