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Posts tagged
'earned income tax credit'

Arkansas economy not so rosy for the poor

Despite a steady drumbeat of boasts about the state of Arkansas's economy from Republican politicians, a low unemployment rate doesn't tell the whole story, says Arkansas Advocates for Children and Families.
IT Arkansas job board

Senate committee approves tobacco tax bill with income tax cut

The Senate Revenue and Taxation Committee this morning endorsed Sen. Jim Hendren's SB 571 to provide an income tax cut for low-income people and make up the revenue loss with an increase in the tax on cigarettes and other smoking products.
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Committee rejects tax break for low-income taxpayers

Of course a House committee today rejected a Democratic proposal for an earned income tax credit for low-income working people.

A pitch for more consideration for lower-income taxpayers

Arkansas Citizens First Congress, a grassroots group, adds its voice to those questioning Gov. Asa Hutchinson's insistence on giving a big tax break to the wealthy. It compiled the chart showing impact of past and future tax plans.
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Democrats propose to help poor more than rich with tax legislation

Arkansas Democrats unveiled their ideas for tax relief this morning and it's a marked departure from Gov. Asa Hutchinson's plan to give more than 90 percent of tax cuts to the top 5 percent, with the top 1 percent getting 75 percent of the eventual $150 million in tax reductions.

The rich get richer: IRS enforcement

If recent tax cuts overwhelmingly favor the rich (and they do) shouldn't tax law enforcement also favor the rich? It does, says a report from Pro Publica.
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Jared Henderson expresses support for earned income tax credit (EITC)

Abby Anderson, communications director for Democratic candidate for governor Jared Henderson, got in touch to make clear that Henderson "strongly  supports...consideration for creating a state earned income tax credit, acknowledging the targeted benefits it would yield for Arkansas families." That conversation, however, should happen entirely separately from the grocery tax, she said.

Governor opposes raising grocery tax but task force priority remains cutting taxes for the rich

The governor tries to put up a stop sign on talk of raising the grocery tax. But Hutchinson and the task force remain committed to a massive tax cut for the rich. The question for the few progressives on the task force: Is there hope left for an earned-income tax credit or similar targeted relief for low-income Arkansans?
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Income tax cut and earned income tax credit approved in House committee

Income taxes were up for discussion in the House Revenue and Taxation Committee today.

Governor plans talk on $50 million tax cut UPDATE

Gov. Asa Hutchinson says he will outline his plan for a $50 million income tax cut at a news conference Tuesday. Key questions: What will he do about working poor and a proposal to eliminate taxes on veterans' pensions.
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Democrats capture majority of seats on House tax committee; Repubs irate

Democrats, though in a small minority, have managed to get controlling membership on the House Revenue and Taxation Committee and one top Republican is pitching a public fit about.

Arkansas Advocates offers 'common sense' tax ideas

Arkansas Advocates for Children and Families, a progressive lobby for families, issued a report today on "common sense" changes to Arkansas budget and tax policy. The group also has some ideas on spending the additonal money the changes would produce.
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