Statement from our executive director, Rich Huddleston: President Obama’s budget proposal for FY2013 addresses deficit reduction, calls for increased revenues and investments in the future, and largely protects programs that benefit children and low-income families. While the budget...
We are less than a week away from the convening of the 2012 General Assembly. Lawmakers return to Little Rock this month for the “fiscal session” in which they are to consider budget bills to fund state government through...
The monthly State General Revenue Report for December was released today by the Arkansas Department of Finance and Administration. The report showed that December’s revenue was above last year and the current forecast. (Year-to-date revenue collections were up as...
Leveling the playing field for small Arkansas businesses was examined this week during a joint meeting of the state Senate and House committees on revenue and taxation. The Arkansas Small Business Tax Fairness Act, sponsored by Rep. Jim Nickels,...
The monthly State General Revenue Report for October was released today by the Arkansas Department of Finance and Administration. It showed that this month’s revenue was slightly below the current forecast while the year-to-date collections were slightly above forecast....
Congressional leaders are indicating that they’ll vote before Thanksgiving on a Constitutional amendment to require a balanced federal budget. Such an amendment would limit the amount of money the federal government can spend each year regardless of circumstance. The...
The Joint Select Committee on Deficit Reduction-the bipartisan Congressional “super” committee tasked with finding at least $1.2 trillion in budget savings-has begun its meetings in Washington. It must present a proposal to the full Congress by November 23 of...
Two outstanding critiques of some recent false claims that the poor don’t pay taxes landed on our desks today. The first, from our sister organization in Iowa. Peter Fisher, research director of the Iowa Policy Project, notes that the...
States can raise taxes to generate much needed revenue and close state budget gaps without worrying about whether its citizens will move to other states as a result. A new report issued last week by the Center on Budget...
Arkansas Advocates for Children and Families Statement on Deficit Reduction Deal Today’s vote on the deficit deal will keep America from defaulting on its financial obligations and prevent a collapse of the nation’s economy. It had to be done....