OKLAHOMA CITY —
The savings on the average Oklahoma tax return would be about $82 if the rate dropped to 5 percent, according to the Oklahoma Tax Commission.
Although Republicans enjoy a 72-29 advantage in the House and a 32-16 edge in the Senate, it’s not clear if both a tax cut and the Capitol renovation project could pass separately. Shannon and members of the increasingly conservative House GOP caucus have opposed the idea of a bond issue to pay for Capitol improvements, which prompted the need to divert $60 million in the current fiscal year and an additional $60 million next year to pay for the project.
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