Because of federal tax changes, the Arkansas’ estate tax expires on December 31, 2004 leaving Arkansas with yet another revenue gap. It is not too late to make the changes necessary to ensure that this fair tax remains a...

President Reagan called the Earned Income Tax Credit the “best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” The federal EITC rewards work by adding almost $2 per hour to the pay of...

The 2003 Arkansas General Assembly defied the odds and passed a 3 percent state income tax surcharge to help plug a $110 million dollar budget shortfall for Medicaid, a critical state program that provides health care for children and...

The last two years have been historic ones for the Arkansas tax and budget system. The Arkansas General Assembly enacted nearly $500 million in tax increases to plug a Medicaid budget shortfall for vulnerable populations and to reform K-12...

During the recent special legislative session on education reform, the Arkansas General Assembly passed one of the largest tax increases in the state’s history. It raised over $380 million in new tax revenue, mostly through a 7/8ths cent increase...