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Stitt urges half-point income-tax cut, $4 billion savings floor and education changes in State of the State

2215184 · February 3, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

In a joint session of the Oklahoma Legislature, Gov. Kevin Stitt outlined proposals including a half-point cut to individual and business income taxes with a ‘‘path to zero,’’ a $4 billion minimum in savings, expanded apprenticeship goals, limits on virtual school days, and criminal-justice reforms to eliminate fines and fees.

Gov. Kevin Stitt delivered the State of the State address during a joint session of the Oklahoma Legislature, urging lawmakers to approve a half-point cut to the individual and business income tax with a ‘‘path to 0 income tax,’’ set a $4,000,000,000 savings floor and pursue education, criminal‑justice and energy policies he said will expand jobs and strengthen families.

Stitt framed the proposals around what he called ‘‘the American dream,’’ arguing Oklahoma should be ‘‘the very best state for business’’ and that fiscal discipline is required to protect taxpayers. "The state of our state is the strongest it's ever been and we're not done yet," he said, citing economic growth, job creation and a drop in foster-care numbers since he took office.

Why it matters: The speech lays out the governor's legislative priorities for the 2025 session and includes concrete numerical targets that would affect state revenue, spending and regulatory policy if enacted.…

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