Senate Republican Leader Glenn Coffee, R-Oklahoma City, made the following statement after Senate Democrats unveiled their “HOPE” plan for modest, targeted tax cuts.
“Senate Republicans are pleased that Senate Democrats have acknowledged that tax relief is needed in Oklahoma. However, we believe it is better to enact job-creating, long-term tax reforms such as broad-based reductions in the income tax, reducing the estate tax to that of surrounding states, and fully eliminating the state capital gains tax.”
“We hope to work with Senate Democrats to find common ground for a bipartisan tax reform plan that will make Oklahoma more attractive for job creation and investment. Unfortunately, the Democrats’ HOPE plan is too limited in scope.”