"While eliminating the income tax is not realistic for us in any kind of near term, getting ourselves into a more competitive position will help Arkansans get jobs," said Rep. Charlie Collins, R-Fayetteville, who also chairs the tax committee.Opponents of the cut, however, pointed to a study by the Institute on Taxation and Economic Policy that said Arkansas taxpayers who making more than $155,000 a year would receive half of the total benefits resulting from the cut.
Ark. Panel Advances Income, Capital Gains Tax Cuts
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