The Chairman of the powerful House Ways and Means committee, Rep. Richard Neal (D-MA) has filed legislation that would repeal the cap on the federal deduction for state and local taxes that was put in place by the Tax...
Common-sense approach to ensuring corporations pay states the taxes they’re owed can help raise state revenue without increasing taxes on everyday families. In 2019, the Arkansas General Assembly passed legislation that required sellers outside of Arkansas to collect...
Today, April 15th, is tax day. As a society, we rely on taxes to maintain infrastructure and services we largely take for granted: public education, the roads and bridges we drive on, the water we drink, the health inspectors...
Arkansas has the chance to reduce the use of tobacco and tobacco-related products, while also reducing the financial burden placed on the state’s non-smokers, who help pay the health care costs associated with smoking. Arkansas’s adult smoking rate is...
The governor has revised his previous tax proposal, and on Wednesday Senate Bill 211 was filed, To Create the Tax Competitiveness and Relief Act of 2019. The plan retains the three separate tax tables for Arkansans with different levels...
A historically large share of the nation’s wealth is concentrated in the hands of a few, reducing opportunities for millions of Americans and reinforcing barriers that make it harder for people of color to make gains. These inequities are...
Earlier in the week we examined the winners and losers under the plan developed by the Arkansas Legislative Tax Reform and Tax Relief Taskforce. Today we examine the tax cut plan put forth by Governor Asa Hutchinson. Governor Asa...
A new study released today by the Institute on Taxation and Economic Policy (ITEP) ranks Arkansas as the 20th most unfair tax system in the nation and one of the worst when it comes to taxing the poor. The lowest...
Earlier this week, Governor Hutchinson proposed increasing the homestead property tax credit from $350 to $375. The problem? It’s a poorly designed tax cut that WON’T help most low-income households and the many middle-income households who RENT and need...
Taxes allow us to invest in public programs that help everyone, but recent federal tax cuts are shifting those dollars to the Arkansans who need it least. Those tax cuts are expensive–to the tune of $1.5 trillion dollars over 10...
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