Big money interest groups are trying to stop this bill. Don’t let them.

By: Posted bySabine Brown Posted inAdvocacy Alert/ Info to Action

Big money interest groups are trying to stop a bill that would repeal the capital gains tax deduction–SB 1086. Oklahoma’s capital gains deduction allows income from the sale of Oklahoma real estate or stock in an Oklahoma-based firm to go fully untaxed. Here are seven reasons why we can’t let them block a repeal of this wasteful tax loophole.

Capital gains should be taxed at the same rate as income earned by hard-working Oklahomans. It’s time for this inefficient and unfair use of tax dollars to go. You can find your legislators information here. Please call your state representative today and ask them to vote YES to SB 1086.

For tips on how to boost your influence when advocating with your lawmaker, see our advocacy tipsheets.

 

Published by Sabine Brown

Sabine Brown joined the Oklahoma Policy Institute as Housing Senior Policy Analyst in January 2022. She previously worked at OK Policy from January 2018 until September 2020 as the Outreach and Legislative Director, and earned a Master of Public Administration degree from the University of Oklahoma-Tulsa. Before joining OK Policy she served as the Oklahoma Chapter Leader for Moms Demand Action for Gun Sense in America. Sabine also earned a Bachelor of Science and a Master of Health Science from the University of Oklahoma and was a physician assistant prior to discovering advocacy work. She grew up in Germany but has called Oklahoma home since 1998.