December 9, 2021

Arkansas Democrat-Gazette: Income tax cut bills roll through Arkansas House and Senate; steel plant incentive also meets approval

media mention

The state Democratic House Caucus held a news conference Wednesday morning to release several proposals that they said would be a better use of the $600 million a year that the Institute on Taxation and Economic Policy estimated was how much the income tax rate cuts would eventually reduce state general revenue.

The House Democrats’ proposals include $200 million for a rural infrastructure and economic fund; $182 million for free two-year college tuition; $100 million for 1,000 new pre-K classrooms; $80 million to create a state earned income tax credit for working families; and $37 million toward eliminating the developmental disability services wait list. Read more