September 8, 2017

Arkansas Times: Arkansas to Fare Worse Than Most States under Trump Tax Proposal, Report Says

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We don’t have an actual tax bill to parse yet, but Arkansas Advocates for Children and Families has a helpful preview of how the cuts outlined by Trump earlier this year would affect Arkansas. It’s based on an analysis by the Institute on Taxation and Economic Policy.

The key takeaway is that Arkansas is among the five states projected to receive the smallest share of the proposed tax cut on a per-capita basis, along with Mississippi, West Virginia, Kentucky and New Mexico. It’s no surprise that those states also have some of the highest poverty rates and lowest per-capita income in the country, because the plan sketched by the White House skews toward benefiting higher-income households. Read more