(AP) – An Arkansas Senate panel has advanced Gov. Asa
Hutchinson’s $50 million proposal to cut income taxes for more than 600,000
The Senate Revenue and Taxation Committee on Wednesday endorsed the Republican
governor’s proposal to cut income taxes for those making less than $21,000 a
year. The legislation would also form a task force to recommend further tax cuts
before the 2019 legislative session.
Senate Majority Leader Jim Hendren said he’ll bring the proposal before the
full Senate next week. A House panel is expected to take up an identical version
of the bill Thursday.
Hutchinson had faced resistance from some fellow Republicans who had called
for deeper tax cuts, but at least two critics dropped their competing plans
after the governor proposed the task force.
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