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The Definition of Regressive

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...

State agencies asked to do more with less

Tax cuts from the two most recent legislative sessions are making for modest forecasts and eating away at state agency budgets. The joint budget committee met today to go over the new revenue forecast as well as the accompanying...

Changing how we tax capital gains

A relatively small number of wealthy Arkansans who make money from the sale of investments reaped the benefits from the capital gains tax cuts passed in 2013. These expensive tax cuts, however, are likely to be scaled back. Today...