Arkansas Times: Can’t Forget the Millionaires: Income Tax Cut on Agenda Today

Arkansas Advocates for Children and Families has run the numbers by the Institute on Taxation and Economic Policy. It says 72 percent of the tax cut will go to people making more than $192,000 a year.

The tax cut would take effect in 2022. When fully implemented, it would cut revenue by $27.4 million a year. About $20 million would go to about 150,000 Arkansans, all making well into six figutres annually. This would be on top of $100 million in tax cuts the wealthy got in 2019.

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