Today the Legislature, in a special session called by the Governor, begins discussion of Senate Bill 1. According to an analysis by the Institute on Taxation and Economic Policy, this bill will eliminate at least $450 million in tax...
More than 25% of households in Arkansas make less in a year than the state's 1% save in taxes thanks to the tax cuts enacted by our state government since 2014.
Arkansas has cut individual and corporate taxes several times over the past several years. Thanks to these cuts, Arkansas is losing about $1.8 billion annually in general revenue.
State revenue pays for services important to all of us, such as our public schools, health care, universities, and safety.
for years we’ve been cutting income taxes in a way that primarily benefits rich corporations and the wealthiest individuals.
The lowest-income Arkansans have a tax rate more than double that of the wealthiest people in the state.
Arkansas has lost $757 million public dollars 2022-2023 due to income tax cuts.
The proposed changes would offer only meager benefits to most low- and middle-income taxpayers, versus a windfall to our state’s wealthiest households and corporations.
Another round of tax breaks won’t do much to help the average Arkansan, and they definitely won’t get Arkansas where we need to be.
Whether a local income tax is a good choice for a community should be a decision that arises from that community itself.