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Oklahoma senators considering bill to cut income tax rate to 5 percent

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OKLAHOMA CITY – Senators will consider a plan to cut Oklahoma’s tax rate at the State Capitol today.

The bill in question would reduce the state income tax rate from 5.25 percent down to 5 percent.

Senate President Pro Tem Brian Bingman said this decrease is keeping a promise to Oklahomans to reduce their tax burden.

The bill is scheduled to be heard on the senate floor later today.