Oklahoma $ 10 billion budget released; does not cut the grocery tax
Oklahoma $ 10 billion budget released;  does not cut the grocery tax

Oklahoma $ 10 billion budget released; does not cut the grocery tax

Oklahoma’s nearly $ 10 billion state budget has been released, but there will be no cuts in the grocery tax. The budget gives taxpayers a small, lightening stimulus check along with a large package to attract Panasonic to the state. the state’s 4.5% grocery tax, according to the budget, which is currently on its way through the capital’s halls. One of the lawmakers who helped craft acknowledged that a grocery tax was popular, but was not sure they could justify doing so for just two years and unsure if it would make economic sense to kill the tax forever. ” finally.” “In my hometown of Okemah, there’s still 5.5 percent on groceries, even if you do away with the 4.5 percent, and there’s nothing in the bill that would prevent any city or community from raising that tax right away.” said Thompson .He also worries if the state’s share of the grocery tax was abolished, no relief would be given. ” We just felt it was important to bring this relief to the Oklahomans, especially at a time when prices are high and inflation is high, so it’s really disappointing the bipartisan measure was not included in this budget, “said State Representative Emily Virgin, ( “Norman. Before lawmakers met in this session, leaders on both sides of the aisle thought a grocery tax was something they could agree on. Virgin said grocery help is needed now.” If you are a single mother who has four children and you work a few minimum wage jobs, you pay a larger percentage of your income when you have a flat tax such as. VAT, so that person needs that relief in the grocery store, “Virgin said. The budget has passed committees in both the Senate and House and goes to each chamber before it can be signed by Governor Kevin Stitt.

Oklahoma’s nearly $ 10 billion state budget has been released, but there will be no cuts in the grocery tax.

The budget gives taxpayers a small, relief stimulus check along with a large package to attract Panasonic to the state.

In the meantime, no cuts will be made in the state’s 4.5% grocery tax, according to the budget, which is currently on its way through the capital’s halls.

One of the lawmakers who helped with the craft acknowledged a grocery tax was popular, but was not sure they could justify doing so in just two years and unsure if it would make economic sense to kill the tax forever.

“I think you’ll see more discussion about the grocery tax in the coming years,” said Senator Roger Thompson, (R) Okemah.

Thompson said grocery tax could happen eventually.

“In my hometown of Okemah, there’s still 5.5 percent on groceries, even if you make up the 4.5 percent, and there’s nothing in the bill that would prevent any city or community from raising that tax right away again. , “said Thompson.

He also worries that if the state part of the grocery tax were abolished, no relief would be given.

“We just felt it was important to bring that relief to the Oklahomans, especially at a time when prices are high and inflation is high, so it’s really disappointing that bipartisan action was not included in this budget,” the State Attorney said. Emily Virgin, (D) Norman.

Before lawmakers met this session, leaders on both sides of the aisle believed a grocery tax was something they could agree on. Virgin said grocery help is needed now.

“If you’re a single mother with four children and you work a few minimum wage jobs, you pay a larger percentage of your income when you have a flat tax like VAT, so that person needs that relief in the grocery store, said Virgin.

The budget has passed committees in both the Senate and the House and goes to each chamber before it can be signed by Governor Kevin Stitt.

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