Every state does tax policy differently. This is good for policymakers at the state level, because they can look around the country for ideas. They can see what is working in other states as well as what is not working. Then they can adjust their tax policy accordingly. The Tax Foundation is an invaluable resource for assisting in this process. It is a national think tank … [Read more...]
On Hypocrisy and Budget Deficit
Is Rep. Bruce Westerman a hypocrite for supporting tax cuts and opposing spending increases? I think this is absurd, but that is the charge made by Chris Cannon in a letter to the Sentinel-Record. It appears to me that Cannon is not familiar with what “hypocrisy” means, is ignorant of how federal spending works, or is just looking for any excuse to attack Rep. … [Read more...]
Arkansas Senators Support Tax Reform
At 2 a.m. on the morning of Saturday, December 2, Arkansas Senators Tom Cotton and John Boozman joined all but one of their Republican colleagues in voting for a bill that makes some major changes to our tax code. What’s in the bill? Among other things, it: Cuts taxes in all seven of the current tax brackets, but does not reduce the number of brackets Reduces the … [Read more...]
Tax Cut Legislation Advances in D.C.
The House of Representatives passed a major tax overhaul last week. All four members of the Arkansas House delegation voted in favor of a bill that would make numerous changes to the tax code. Upon passage, Rep. Steve Womack said, “For the first time in over three decades, the House has taken action to allow Americans to keep more of their hard-earned money while making our … [Read more...]
Tax Bill May Repeal Obamacare Mandate
Senator Tom Cotton is a long-time foe of Obamacare’s mandate — the mandate that requires everyone to purchase health insurance (also known as the “individual mandate”). The tax reform legislation moving through the Senate may finally give him a victory on that front. Arkansas’s junior senator sponsored legislation with Senator Pat Toomey (R-PA) in October that would repeal … [Read more...]
