Despite a long fight for its passage Monday, the Step Up Oklahoma revenue plan and its proposed tax hikes failed in the Oklahoma House of Representatives, the Oklahoman reports.
"The Oklahoma House of Representatives defeated a $581 million package of proposed tax hikes late Monday night — creating more uncertainty about how the Legislature will balance the budget and fund a teacher pay raise.
Although a majority of House members voted in favor of the bill, the tally fell well short of the three-fourths majority needed to pass tax hikes in Oklahoma. The vote was 63 to 35. The bill needed 76 votes to pass. Fifty-three of the 72 Republicans in the House voted for the package, as did 10 of the 28 Democrats. One seat is vacant.
The bill was backed by Step Up Oklahoma, a statewide coalition of Oklahoma business and civic leaders."
OU President David Boren had endorsed Step up Oklahoma's plan in January as "a chance for our state to move forward in a positive way." The package, which included proposed tax hikes to fund $5,000 teacher pay raises, also received support from Gov. Mary Fallin, and was backed by a group of state leaders that included OU presidential search committee member David Rainbolt, the chairman of BancFirst.
Read more on the plan's failure from the Oklahoman.
Source : http://www.oudaily.com/news/step-up-oklahoma-plan-proposed-tax-hikes-fail-in-oklahoma/article_4d232de4-107e-11e8-83dc-efda57001ae5.html271