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Played a key role in negotiating the historic $8.3 billion Fiscal Year 2020 budget package, which brought Oklahoma teacher pay to the top in the region, fully funded state roads and bridges, and intentionally set aside $200 million to invest in savings, leading to the largest savings account in state history at over $1 billion.
Successfully rescued retirement pensions for teachers, police, and firefighters, while eliminating hundreds of millions of dollars in corrupt tax credits and government giveaways to special interests. In the process, Mike saved Oklahoma taxpayers $7 billion.
Presented and led the passage of a tax relief package that lowered the state income tax rate from 5.65% to 5.25%, established Oklahoma’s first “back to school” sales tax holiday, and eliminated the franchise tax for a majority of Oklahoma small businesses.
Authored legislation to end the wasteful transferable tax credit and the five-year ad valorem tax exemption for new wind farms developed on or after January 1, 2017. By ending this overly generous tax subsidy, Oklahoma taxpayers are estimated to save over $40 Million per year.
Authored legislation to eliminate a special retirement benefit feature for Oklahoma elected officials. This feature enabled Oklahoma legislators to accumulate twice the monthly benefit of a regular state employee. Going forward, elected officials now have the same type of retirement benefits as regular state employees.