Read Part 1: Why Tax Breaks For Business Are A Bad Deal For Public Budgets As discussed in Part 1 of this series, policymakers face a lot of pressure to deliver the goods when it comes to job creation. But while...
Job creation and economic growth are key political issues, and policymakers are under pressure from a variety of constituents to produce results in these areas. Maybe that’s why policymakers have increasingly turned to business tax incentives — such as...
Common-sense approach to ensuring corporations pay states the taxes they’re owed can help raise state revenue without increasing taxes on everyday families. In 2019, the Arkansas General Assembly passed legislation that required sellers outside of Arkansas to collect...
Today, April 15th, is tax day. As a society, we rely on taxes to maintain infrastructure and services we largely take for granted: public education, the roads and bridges we drive on, the water we drink, the health inspectors...
Tax cuts from the two most recent legislative sessions are making for modest forecasts and eating away at state agency budgets. The joint budget committee met today to go over the new revenue forecast as well as the accompanying...
If you are hoping that recent tax cuts will generate new revenue to pay for more parks, quality public schools, and services for veterans and the elderly, don’t hold your breath. The November report from the Department of Finance...
Revenue neutral options that sound too good to be true always are. A “revenue neutral” plan is one in which money is shifted around, but the total amount that the state spends stays the same. In other words: “no new...
Recent income tax cuts are taking a bite out of the funds that pay for our parks, bridges, schools and public safety. These funds are supposed to grow as the economy grows, and as need for more teachers, social...
Recent tax cuts are weighing down the revenue growth that Arkansas needs to address our crumbing roads, our hurting schools, and to help the one in four kids growing up in poverty in our state. Two big reasons for...
Arkansans are spending more than they were last year, and that could mean enough extra tax revenue to fund fantastic programs for kids. For four months straight, sales and use taxes have had annual growth of four percent or more....