Arkansas governor proposes $50M tax cut in 2 years

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     (AP) – Gov. Asa Hutchinson is proposing a $50 million cut in
Arkansas' income tax in two years, warning fellow Republicans that he'll oppose
a push for further reductions unless they're offset by closing tax exemptions or
cuts elsewhere in the state's budget.
     Hutchinson on Wednesday detailed his proposed $5.4 billion budget proposal to
lawmakers the day after voters approved legalizing medical marijuana, a move the
governor has said will cost agencies millions to enforce. Lawmakers last year
approved Hutchinson's proposed $102 million cut in the state's income tax.
Hutchinson's tax cut proposal wouldn't take effect until the fiscal year that
begins July 1, 2018.
     Hutchinson's proposal calls for increases in funding for public schools,
Medicaid, prisons and the state's foster care system.

   

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