Gov. Henry has implemented both targeted and broad-based tax relief throughout his time in office, including the two largest tax cuts in state history. In June 2006, Governor Henry signed legislation that will decrease the personal income tax rate from
6.25% to 5.5% over three years, with further decreases possible if the economy remains strong. That legislation also raises Oklahoma's standard deduction to the federal level, giving a boost to middle-income Oklahomans, and eliminates the death tax.
Source: Campaign website, www.henryforgovernor.com, "Issues"
Nov 7, 2006
Maintain income tax
Henry's message included a promise to fight for a state lottery to raise money for education and to oppose changing from a tax system that relies on an income tax to a system that relies more heavily on sales tax. "This plan to eliminate the income tax
and replace it with a tax on consumption will favor the wealthy and hurt average Oklahoma working families and small businesses?not to mention increasing the amount of tax dollars Oklahomans send to the federal government by more than $300 million."
