You can find a wide range of opinions on Gov. Asa Hutchinson’s revised tax cut plan, which was unveiled last week. Hutchinson and key legislative leaders unveiled a smaller $97 million tax reduction proposal that would bring the state’s highest individual income tax rate to 5.9% within two years.
While supportive of the measure, Republican Senate Majority Leader Bart Hester, R-Cave Springs, said it could go further.
“I can always argue it doesn’t go far enough, but I’ve learned the longer I’ve been around, when you can get a win, you better take it. I’m very, very happy with this plan,” Hester said.
The biggest argument for the tax cut among Republican lawmakers is not for a “trickle-down” effect. Hester said legislative support rounds out four years of previous tax cuts for lower income Arkansans and makes the state more competitive regionally with states with lower or no income tax rates.
Read more: https://talkbusiness.net/2019/02/legislators-say-governors-tax-cut-plan-could-go-further-should-be-opposed/