Lawmakers agree on Oklahoma budget, could see income tax cut

OKLAHOMA CITY (KFOR) — Lawmakers quickly met Wednesday afternoon to announce they agreed on the upcoming budget.

The big ticket item was the income tax cut proposal. Lawmakers announced that there will be an elimination of the bottom three brackets, and the rest see a .25% cut.

"We still have three-and-a-half billion dollars in savings," said House Speaker Kyle Hilbert (R-Bristow).

Below is a grid from the Tax Commission that displays the tax brackets.

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