POLICY FOUNDATION TO HOST FISCAL POLICY FORUM
"Arkansas would benefit from comprehensive, pro-growth reform; Arkansans are not under-taxed; taxes and rates do matter to entrepreneurs; dynamic scoring of tax changes and effects provides benefits." Policy Foundation mission statement
"There is significant evidence that reductions in marginal state tax rates encourage state economic growth ...Rates on productive behavior should be reduced." “Reduce the state's income tax.” Murphy Commission project, 1998
(September 2018) The Arkansas Policy Foundation, a 501(c)(3) nonpartisan think tank founded in 1995 will host a one-day fiscal policy forum after the November general election to examine proposed fiscal policies expected to be considered in the 92nd General Assembly (2019) of the state legislature.
Foremost among these proposals is reduction of the top state income tax rate.
Arkansas' top rate (6.9%) is the second-highest in the 12-state southeast region, trailing only South Carolina (7.0%), according to the Federation of State Tax Administrators.1 The state Tax Reform and Relief Legislative Task Force, established in 2017, recently recommended “Option A”, which would reduce the number of individual income tax tables from three (3) to one (1) and reduce the top marginal rate for individuals from six and nine-tenths percent (6.9%) to six and five-tenths percent (6.5%)." Another proposal reviewed by the panel would "reduce the top personal income tax rate from 6.9% to 6.0% but would not affect the rate in any of the other brackets."
The Fiscal Policy Forum will examine other ideas examined by the Task Force including sales and use taxes, capital gains taxes, dynamic scoring and the earned income tax credit.
No Charge To Attend Forum
The Policy Foundation will provide lunch for its guests. To make a reservation for the upcoming Fiscal Policy Forum please contact the Policy Foundation by telephone (501-537-0825) or email (email@example.com).
1 Policy Foundation research memo (December 2017) "Arkansas Has Second Highest Income Tax Rate in Region"