January 31, 2019

Arkansas Advocates for Children and Families: Tax Cut Bill Filed: Plan Revised But Not Fixed

ITEP Work in Action

An analysis by the Institute on Taxation and Economic Policy (ITEP) shows that the benefits of this proposal are even more heavily skewed towards the richest taxpayers than the previous version. That’s because there are no changes to the standard deduction, and all the significant changes in marginal tax rates only affect taxpayers with more than $80,500 in income.

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