Gov. Kevin Stitt has joined Oklahoma legislative leaders in announcing a sweeping agreement on a nearly $12.6 billion state budget for the next fiscal year, one that features an income-tax cut Stitt long has hoped for during his six-plus years in office.

Almost all of the cuts that Republicans hope to pass in the coming weeks will last only until President Trump is set to leave office.

The vote came after an all-night debate that saw at least one lawmaker fall asleep at his post. Republicans rejected a series of proposed changes by opposition Democrats, who blasted the bill as a wasteful giveaway to the wealthy that would shred health and food benefits for the poor and worsen the nation's financial standing.

The House Ways and Means Committee voted 26-19 to approve the tax part of the legislation after a marathon markup meeting that lasted more than 17 hours.

Wealthy Americans and business investors are among the big winners in GOP draft tax legislation, while immigrants and elite universities get hammered.

The poll also found 57% support for making federal tax cuts first approved during President Donald Trump’s first term permanent, instead of letting the reductions expire this year. That includes 87% of Republicans and 55% of voters with no party affiliation. It also includes 23% of Democrats, despite Trump’s association with the cuts.

Prime Minister Mark Carney and Canada's department of finance have announced a major income tax cut promising billions of dollars in savings.

Germany's economic downturn and tax relief are likely to reduce total tax revenues by 81.2 billion euros ($90.94 billion) between 2025 and 2029 compared with a projection in October, figures the country's council of tax experts showed on Thursday.