Sen. Tom Cotton earlier this week introduced legislation that would repeal the individual mandate under Obamacare for many Americans. Under Obamacare, households which don’t comply with the law’s individual mandate to purchase health insurance are required to pay a so-called individual shared responsibility payment. The Mandate Relief Act of 2017 introduced by Cotton and … [Read more...]
Highway Commission Considers Yielding On Tax Hike In 2018
Arkansas voters might not have to vote on whether to raise their taxes even higher in 2018 after all. The Arkansas State Highway Commission voted unanimously in June to pursue a ballot initiative in 2018 to raise more revenue for Arkansas roads and highways. How that revenue is going to be raised hasn’t been specified yet, but it would likely mean a heavier burden on … [Read more...]
REPORT: Arkansas 39th In Nation For Business Tax Climate
Arkansas’s business tax climate ranks among the worst in the nation for yet another year, according to a new study by the Tax Foundation. According to the 2018 State Business Tax Climate survey, Arkansas’s business-friendliness dropped one spot from the previous year -- we’re now 39th in the nation. Arkansas legislators received praise for improving our tax code in 2017. … [Read more...]
Trump Deals Another Blow To O’Care
President Donald Trump dealt another blow to Obamacare last week by discontinuing cost-sharing subsidies to insurance companies. These subsidies were ruled unconstitutional in federal court in a case brought by House Republicans against the Obama administration in 2014. We wrote about that case here. Basically, the Obama administration was using federal funds to pay the … [Read more...]
Poor and Middle-Income Arkansans Pay Most For O’Care Penalty
Most Arkansas households paying the Obamacare penalty earn less than $50,000 annually, according to new Internal Revenue Service data. Under Obamacare, households who don’t comply with the law’s individual mandate to purchase health insurance are required to pay a so-called individual shared responsibility payment. According to the Internal Revenue Service, 81 percent of … [Read more...]
