Oklahoma legislators passed an anti-quest bill Thursday, making it a top priority in their session to enact reforms that will help reduce income inequality in Oklahoma.
The measure was the second such piece of legislation passed in the legislature this session, after an anti-“proquest” bill was approved in April.
In addition to addressing income inequality, the bill also makes it a priority to improve the quality of life for Oklahomans, which has proven to be a difficult task.
The anti-business anti-poverty bill will now be referred to the Oklahoma House and Senate, and the final measure will go to Gov.
Oklahoma’s anti-income-inequality legislation is the result of a yearlong investigation by The Oklahoman.
The investigation uncovered a wide range of policies that could exacerbate income inequality.
In November, The Okla.
State newspaper reported on a survey by the nonpartisan Oklahoma Policy Center that found that nearly half of Oklahoms living below the poverty line are employed by businesses, with the majority of businesses not contributing to the state budget or providing services to residents.
As a result, businesses are less likely to invest in infrastructure and less likely the state’s economy will grow, according to the center.
According to the study, there are more than 4.5 million low-wage jobs in Oklahoma, and that number is expected to grow by a whopping 20 percent by 2025.
“In our economy, the cost of living is going to be higher for everyone, and if we don’t have a workforce, it’s going to become harder to keep up with the rising costs,” said state Rep. James Sturdivant, who introduced the anti-Proquest bill.
“We’re trying to balance that with ensuring we have enough jobs for everyone.”
Sturdovant, an Oklahomaan himself, said his legislation is about “paying for our children’s college educations,” as well as making sure businesses have enough money to provide quality service to residents and create jobs.
The bill will provide an exemption for small businesses that provide food and food services.
The exemption allows them to deduct the costs of operating on a self-contained business plan, which means small businesses can still pay their taxes and provide services to their residents.
“Small businesses can keep their tax breaks,” Sturdavant said.
“They can still have tax breaks that make them more competitive.”
He said businesses are already providing services for residents, including providing free haircuts and grocery deliveries, and this legislation will allow them to do so for the first time.
“When I say this bill is for the future, it really is,” he said.
Sturdevant said the measure will provide additional support to businesses and encourage them to continue to provide services that will improve the lives of Oklaomans.
“It’s not a tax, it is a subsidy,” he told The Okle Herald.
“This is about paying for our kids’ college educaments.
We’re really trying to put a smile on their faces.”
Oklahomeans who are interested in taking advantage of the new income tax exemptions can find more information about the bill at www.
The legislation is similar to the one passed in March, but it does not apply to businesses that operate on self-sufficiency.
Stroud says the anti-$1-per-dollar income tax exemption will be expanded to all businesses that pay an annual minimum wage of $14.50 an hour or more.
“That means for a family of four, they will pay an additional $1 a day,” Stroud said.
The new legislation will also provide more funding to businesses to help them grow.
“I’ve heard so many stories from businesses that have lost their business,” Staulgant said of businesses that will lose income.
“So I think this is a great way to help businesses grow and hire people and keep them here.”
In January, The New York Times reported that more than 30,000 businesses nationwide are losing $10 million in tax revenue due to an increased minimum wage.
In the next four years, Oklahoma is expected have a total of $11.5 billion in lost revenue, the report said.
In April, Fallin signed an executive order that includes a provision allowing Oklahoma businesses to deduct up to $1,000 of their state income taxes and to pay their workers $15 an hour.
The order also provides an exemption to small businesses for their owners to keep their businesses open for one year.
The Oklahoma legislature is set to vote on the bill in March.