skip to main content
skip to newscasts

Monday, September 9, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

AZ has over 150 electric school buses, could more be on the way? Three ex-Memphis officers charged in the killing of Tyre Nichols to stand trial; FL advocates highlight philanthropy's role in supporting Black maternal health; Indigenous water protectors protest the aging pipeline.

view newscast page
play newscast audioPlay

New polling shows Harris struggles with male voters, while Trump faces challenges with female voters. Tomorrow's debate is important, with the race tight, and a New Hampshire candidate is under fire for ties to a big corporate landlord.

view newscast page
play newscast audioPlay

Rural counties have higher traffic death rates compared to urban, factions have formed around Colorado's proposed Dolores National Monument, and a much-needed Kentucky grocery store is using a federal grant to slash future utility bills.

Report outlines options to eliminate Arkansas' state income tax

play audio
Play

Thursday, December 7, 2023   

Arkansas is set to reduce income tax rates for individuals and corporations starting next year.

Opportunity Arkansas is advocating for the elimination of the state income tax altogether.

Nicholas Horton, founder and CEO of the group, said the new top tax rate of 4.4% still penalizes people for earning more money. Horton believes eliminating the state income tax would help Arkansans keep more of their income.

"Reality is, we've been chipping away at the state income tax pretty aggressively," Horton acknowledged. "And we talked about this in the report. What's been happening is, revenue has actually gone up, because people have more money in their pockets to spend at local small businesses, all across the Arkansas economy."

Medicaid is the largest single line item in the state budget, consuming more than one in every four dollars the state spends. Horton said Medicaid spending is key to addressing Arkansas' budget gap. He added the state's income tax generates only about $3 billion a year, while the state spends close to $35 billion.

Horton pointed out in recent years, Arkansas has lowered its income tax rate from nearly 7% to 4.4%. He explained a report from his organization outlines strategies state policymakers can implement to accelerate the state income tax elimination.

"We worked a lot with state policymakers in the Legislature and the executive branch," Horton recounted. "Our objective was to really present a menu of options, and start a more detailed conversation about how we get to zero."

Horton added Texas and Tennessee have eliminated the personal state income tax, and thinks following suit would be "transformative" for Arkansans.


get more stories like this via email

more stories
Solar energy costs far less than fossil fuels. The International Energy Agency finds utility-level solar costs about $20 per unit less to produce than natural gas. (Adobe Stock)

Environment

play sound

Although most Virginians support and prefer solar energy, misinformation is keeping more of it from being built. Several counties and cities have …


Social Issues

play sound

A common narrative suggests that deeply polarized American voters always support their party's candidates, but a new study suggests otherwise in …

Environment

play sound

By Bridget Huber for the Food and Environment Reporting Network.Broadcast version by Kathryn Carley for Maine News Service reporting for the Solutions…


Renewal Village's strong partnerships, including with the the Colorado Division of Housing and Adams County, helped tap four million federal dollars to create a new home for families experiencing homelessness. (Galatas)

Social Issues

play sound

Renewal Village, a converted Clarion Inn featuring 215 units of permanent supportive and transitional housing for people experiencing homelessness…

Environment

play sound

Indigenous water protectors and allies met at Michigan's Straits of Mackinac last week, to spotlight the dangers of the 71-year-old Line 5, deemed …

The median home price in New Hampshire reached $525,000 in 2024, a nearly 13% increase from a year earlier. Rents in the state are up an average 45% since the pandemic. (Adobe Stock)

Social Issues

play sound

Record-high home prices are a top concern for New Hampshire voters and could impact the outcome of this year's gubernatorial race. All the …

Social Issues

play sound

Funding is coming to a program supporting students from low-income families in Washington state who want to go on to college or postsecondary educatio…

Social Issues

play sound

Drawing attention to a housing option that could make it easier for older Nebraskans to "age in place" is one of the goals of an AARP Community Challe…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021