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

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 herePlease 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 joined Oklahoma Policy Institute in January of 2018. She grew up in Germany but has called Oklahoma home since 1998. Before joining Oklahoma Policy Institute she served as the Oklahoma Chapter Leader for Moms Demand Action for Gun Sense in America. She is currently pursuing a Master of Public Administration degree from the University of Oklahoma-Tulsa. Sabine 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. Sabine enjoys working with grassroots advocates to work towards a fair and prosperous Oklahoma. She lives in Bixby with her husband, Eric, and their two children.