Pitching in for the common good
Pitching in for the common good As many Arkansans rush to beat the April 17th tax deadline this year, we wanted to take a moment to think about what it is we actually get for our annual payments. No...
The Trouble with Tax Rankings
It has become trendy of late for think tanks to publish a ranking system that measures the relative tax burden each of the 50 states places on businesses. The Tax Foundation, a conservative think tank that focuses on tax...
Proposed budget cuts could be harmful to Arkansas children
After a month of preliminary budget hearings, it came as a surprise this week to see a proposal that would cut more than $20 million from the state budget for fiscal year 2013. Rep. John Burris (R – Harrison)...
AACF Executive Director Rich Huddleston’s Statement on President Obama’s 2013 Budget Proposa
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...
The 2012 Fiscal Session Starts Next Week
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...
December Revenue Forecast Shows Some Improvement
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...
Combined Reporting Gets Interim Study
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,...
October Revenue Collections Slightly Below Forecast
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....
The Federal Balanced Budget Amendment: How can something that sounds so good be so destructive?
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...
Protect Arkansans During Deficit Reduction
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...