Kevin Stitt on Tax Reform

	Kevin Stitt on Tax Reform

Eliminate state grocery tax; reduce income tax rate to 3.99%

Let's cut taxes! In my executive budget I am proposing to eliminate Oklahoma's state grocery tax and reduce our personal income tax rate to 3.99%. These cuts will save each family in Oklahoma hundreds of dollars each year. And it will continue to make Oklahoma one of the best states to live, work, and raise your family. When our economy is booming everyone wins. Your personal income goes up, opportunities expand, and the entire tax base grows. Source: 2023 State of the State Address to the Oklahoma legislature , Feb 6, 2023

We need more taxpayers; not more taxes

I'm proposing to eliminate the grocery tax. Oklahoma is one of just 13 states that taxes groceries, and ours is one of the highest. Many Oklahomans are already struggling under the weight of record inflation. Let's give them more help this year. Because, after all, we need more taxpayers, not more taxes. States across the country are continuing to cut taxes on their citizens. My vision is to create a taxpayer protection plan that responsibly lowers income taxes according to our state revenue.

I look forward to working with the Legislature to modernize our tax code this session. Another way to do that is to get rid of the income tax on military retirement benefits. Our military installations are so important to our state, and we want to keep our retired veterans here in Oklahoma. It's a commonsense way to support those who defend our freedoms.

Source: 2022 State of the State Address to the Oklahoma legislature , Feb 7, 2022

Signed Oklahoma Taxpayer Platform

Kevin Stitt announced that he signed the "Oklahoma Taxpayer Platform" pledge, a 7-point platform announced by Senator Tom Coburn. "I appreciate Tom Coburn's leadership for putting this important platform together that holds candidates accountable to conservative principles," said Stitt. "The priorities listed by Sen. Coburn resonate with the concerns I have heard from Oklahomans across all 77 counties."

Fiscal Responsibility: State agencies must be subjected to regular audits.
Limited Government: Focus on public safety, infrastructure, education, and a safety net for the most vulnerable.
Structural Reform: eliminate governmental dysfunction, duplication and corruption.
Fair Taxation: Tax people in the least-burdensome way.
Free-Market Environment: Less picking of winners & losers by government.
Criminal Justice System Reform: Keep citizens safe but don't lock people up unnecessarily.
State Sovereignty: Provide a barrier between Oklahomans and Federal overreach.

Source: OKTaxpayersUnite press release: 2018 Oklahoma Governor race , Jul 4, 2018

Shift Oklahoma's tax structure to focus on consumption

Stitt signed the Oklahoma Taxpayer Platform which includes a plank on "Fair Taxation:" Tax people in the least-burdensome way. Income taxes impose a discouraging penalty on work, productivity, personal responsibility, savings, investment, capital formation and entrepreneurial risk-taking. No income taxes of any kind should be levied by Oklahoma's state and local government. Shift Oklahoma's tax structure to focus on consumption. This will help Oklahoma become a magnet for private-sector both large and small job creators and productive individuals of all incomes. The key is to attract more taxpayers, spreading the cost of state and local services among more people and allowing for a lower tax burden on everyone. Source: OKTaxpayersUnite press release: 2018 Oklahoma Governor race , Jul 4, 2018

Trump tax cuts leveled playing field to compete globally

Capitalize on President Trump's tax cuts that are leveling the playing field for America to compete in the global market place. With companies moving jobs back to the U.S. and repatriating dollars, Oklahoma is prime to attract this opportunity and diversify our economy with the right kind of leadership. On my first day as governor, the nation will know that Oklahoma is open for business. Source: 2018 Oklahoma Gubernatorial website StittForGovernor.com , Jul 4, 2018

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*Other governors on Tax Reform:*			*Kevin Stitt on other issues:*
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