Part of Ross's plan calls for the elimination of sales tax on replacement parts for manufacturers as a way to encourage re-investment in Arkansas-based facilities. But after speaking to the manufacturing executives in Fort Smith Tuesday, Hutchinson said he didn't agree with that proposal in Ross' jobs plan.
"My view is — and I'm speaking to the manufacturers here — sure, they want something that helps manufacturers, but how about the retail market in Arkansas? And how about the farmers? And how about the tourism industry? How about the small business owner? Under my plan, they all get tax relief. But if you enact simply the relief for the manufacturer's replacement parts, that's not across the board and it's not allowing people to make decisions on how they want to invest their money and how they can grow their business."
“My comprehensive tax cut plan will help small business and manufacturers of all sizes and nearly every working family in Arkansas. Congressman Hutchinson’s plan offers no tax relief for manufacturers and, if you make less than $20,400 a year, Hutchinson’s plan won’t cut your taxes a single cent.”
“Congressman Hutchinson voted to ship our jobs overseas, and now he refuses to support a Chamber of Commerce-backed tax cut that will help bring these jobs back to Arkansas. Manufacturing is Arkansas’s third-largest private industry sector and employs more than 1 in 8 Arkansans. We need to eliminate this unfair tax, which punishes small and large manufactures that want to modernize their facilities, grow and hire more workers – all of which will help prevent layoffs. The fact that Congressman Hutchinson is doubling down on his opposition to cutting taxes for job creators shows just how out-of-touch he is with working families in Arkansas.”
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