Okla. Council for Public Affairs Downplays Tax Cut Comparisons

Wednesday, 16 Mar 2011 01:19 PM

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
The Oklahoma Council for Public Affairs, which supports eliminating the state income tax, cautioned against comparing how an impending quarter-percent income tax cut would benefit high- and low-income households, the Tulsa World reported Monday.

Nearly three-quarters of the $120 million tax cut would go to what are considered the wealthiest 20 percent of households in Oklahoma — those with earnings of more than $86,000 a year — according to an analysis by the Institute on Taxation and Economic Policy for the Tulsa-based Oklahoma Policy Institute.

The public affairs council’s Jonathan Small told the newspaper that it makes sense that tax cuts would bring greater net benefit to wealthier taxpayers.

“If you lower the rate, people who pay in more money are going to get more back," Small said.

Small warned against making comparisons with lower income taxpayers.

"You're making an assumption that, because someone works hard and makes more money, they should pay more," he said. "If you have less money, everything is going to take a bigger percentage of your income.

"I don't think it's fair to say a tax cut is not going to benefit everybody," Small said.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Michael Hanline Freed After 1980 Murder Conviction Overturned

Tuesday, 25 Nov 2014 15:34 PM

Michael Hanline, who was convicted of murder in 1980, was released on bail Monday after prosecutors said they are no lon . . .

Houston Dog Stuck in Jug for Weeks Rescued, Finds a New Home (Video)

Tuesday, 25 Nov 2014 14:37 PM

A family near Houston saved a 5-month-old dog that was stuck in a jug after trying for weeks to catch the stray. . . .

Heidi Montag, She of 10 Plastic Surgeries in a Day, Says No More

Tuesday, 25 Nov 2014 12:46 PM

Heidi Montag, the former reality star of "The Hills" who once had 10 plastic surgeries in a day, is promising no more su . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved