Oklahoma is the latest state to cut grocery taxes, but who does this really benefit?

Oklahoma is the latest state to cut grocery taxes, but who does this really benefit?

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The video discusses the elimination of Oklahoma's state grocery tax, which aims to alleviate the financial burden on families amid inflation. This move is part of a broader trend where states like Kansas and Illinois are reconsidering their grocery tax policies. While the tax removal offers relief, it primarily benefits middle and higher-income families, as those on SNAP are already exempt. The video also highlights the complexity of tax classifications, with specific examples illustrating the nuances in what is considered taxable. Overall, the changes reflect a growing trend in state tax policy adjustments.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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