Arkansas Citizens First Congress, a grassroots group, adds its voice to those questioning Gov. Asa Hutchinson’s insistence on giving a big tax break to the wealthy. It compiled the chart showing
From its statement:
Our first concern is that the benefits of this tax cut go almost exclusively to the people who need it the least in Arkansas. It will make our system even more unfair to working families.
Our other concern is that we believe you should wait to take action on any tax measures until you have budget proposals and a comprehensive view of other tax-cutting proposals before you.
Arkansas’ tax system is deeply broken. We tax our poorest individuals at nearly twice the overall tax rate that we tax our wealthiest. We believe this is morally wrong as well as bad public policy for the future growth and prosperity of Arkansas.
The unfairness in our tax system is largely due to our heavy reliance on the sales tax, which is the third highest in the nation. The Governor’s tax plan of two years ago brought minimal relief to this system but his new proposal almost exclusively benefits the wealthiest Arkansans who already pay the lowest taxes by percentage of income in the state, making our system even worse.
We think any tax cut the legislature considers should be targeted at improving the overall
fairness of our system and bringing relief to low- and middle-income working Arkansas families.
Citizens First adds its endorsement to the Democratic Party’s call for an earned income tax credit and