LITTLE ROCK, Ark. (AP) Arkansas’ governor says he wants to cut the income tax for the state’s top earners by $180 million, and says his plan to set aside $48 million in surplus money will help set the stage for that reduction.
Republican Gov. Asa Hutchinson told lawmakers Monday he’ll push for cutting the state’s top income tax rate from 6.9 percent to 6 percent. Hutchinson issued the recommendation as lawmakers convened for an abbreviated session focused on the state’s budget.
Hutchinson, who’s seeking re-election, says he’ll push for the tax cut next year. A task force studying the state’s tax code is expected to make its tax cut recommendations this fall.
The session began as questions loom about whether there will be enough support to keep the state’s hybrid Medicaid expansion another year.
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