Economic Expansions Tend To Produce State Revenue Surpluses
(July 2023) Arkansas Gov. Sarah Huckabee Sanders; her predecessor, former Gov. Asa Hutchinson; and state legislators have reduced the income tax rate to 4.7% since 2015. The top state income tax rate was 7.0% a decade ago. Some critics make class-warfare arguments to oppose the tax cuts. Others claim the state cannot afford them. Another […]