Tuesday, October 22, 2013

Arkansas legislature fails to address tax fairness; poor soaked again

Posted By on Tue, Oct 22, 2013 at 9:28 AM

click to enlarge aacfreport.png
The Arkansas Advocates for Children and Families has issued a report underscoring the usual — tax policy in Arkansas favors the rich and does little for the poor.

Here's the report: "A Better Foundation: Building a Tax System that Works for Ordinary Families."

There is no well-financed lobby for ordinary Arkansans.

Said the Advocates' director, Rich Huddleston:

... tax changes passed during the 2013 session con­sisted largely of personal income tax cuts benefiting upper-income taxpayers and sales and use tax cuts targeted to specific industry groups. ... [the changes] did little to improve overall tax fairness for low- and middle-income families; resulted in flat or underfunding for certain critical services for children and families in the short term; and further undermined an already strained base for funding future services that are critical to the state’s needs.\

In four words:

The rich get richer.

Yes, there was a modest potential cut in the tax on groceries if the creek don't rise. But the bottom 40 percent will  see little or nothing from income tax and capital gains tax cuts. (That capital gains tax will be an enormous windfall for a handful of the unimaginably wealthy.) Result, said Huddleston:

Already, the bottom 40 percent of taxpayers have a state and local tax burden (twelve percent of their income) that is twice that of the richest one percent (who pay only six percent of their incomes in state and local taxes).

You'd think Huddleston didn't know that was the idea. Trickle-down, see?

Tags: , , , ,

Favorite

Speaking of...

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by Max Brantley

  • Lawsuit planned on amendment to limit nursing home, other medical damages

    The Arkansas Bar Association has already announced it opposition to the nursing home-backed amendment to limit damages in medical lawsuits. Today, it is expected to announce a list of former bar presidents who oppose the amendment and the filing of a lawsuit challenging the ballot title.
    • Aug 29, 2016
  • Sunday's open line

    The Sunday open line.
    • Aug 28, 2016
  • Satanic Temple: Make Rapert pay for Ten Commandments monument

    A petition drive has begun to encourage a demand that Sen. Jason Rapert pay for the legal fees in defending his Ten Commandments monument proposed for the state Capitol grounds. It's more work by the Satanic Temple, which has fought church-state entanglement around the country.
    • Aug 28, 2016
  • More »

Readers also liked…

  • Father and son turned away from "Muslim-free" Hot Springs gun range for being brown

    A college student and his dad who visited a gun range over the weekend for some bonding time over target practice were told to leave after the owner grew suspicious that the pair were...Muslims! Nope, not Muslims — they just happened to not be white. Either way, though, it's rank discrimination.
    • Jan 13, 2015
  • Mary Steenburgen adds voice against gay discrimination law

    Mary Steenburgen, the Arkansas native actress, has added her voice to those opposing HB 1228, the bill aimed at preserving legal discrimination against gay people under the pretext of religious freedom. It would create untold other complications for all sorts of government activities to give people a religious excuse to avoid the law.
    • Mar 3, 2015
  • The message machine: Private option ended

    Here comes the Republican message machine: Asa Hutchinson has ended the private option, Lt. Gov. Tim Griffin says. Er, not exactly.
    • Jan 22, 2015

Most Shared

Most Viewed

Most Recent Comments

Blogroll

 

© 2016 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation