Legislature today: Steel bill, Obamacare keep rolling | Arkansas Blog

Wednesday, April 3, 2013

Legislature today: Steel bill, Obamacare keep rolling

Posted By on Wed, Apr 3, 2013 at 11:49 AM

On the legislative front:

* BIG RIVER STEEL: The enabling legislation for state incentives to build a steel mill in Mississippi County won approval in a House committee today. The legislation was approved yesterday in the Senate. Full report from Talk Business.

* OBAMACARE ADVANCES: The legislation to implement the Obamacare Medicaid expansion in Arkansas through a "private option" scheme was approved in Senate committee this morning.

* SPEAKER CARTER: MORE HELP FOR THE RICH AND A SOP FOR OTHERS: Do I detect a compromise tax plan percolating in the House? Speaker Davy Carter has amended his tax-break-for-millionaires bill today, the one that slashes the tax on capital gains, which are the profits on sale of appreciated assets. Previously, in the first year, he more than doubled the tax break on capital gains, but ONLY for gains of $5 million or more. A tax break only for millionaires. But wait. There's more. The amendment keeps that break, but gives a TOTAL income tax exemption for profits of more than $10 million. That's a gift worth hundreds of thousands of dollars to the very wealthiest in Arkansas. Nice. But, the amendment also adds Rep. Charlie Collins, the would-be income tax cutter, as a sponsor. And it adds new standard income tax deductions for all taxpayers.

Tags: , , ,


Sign up for the Daily Update email
Favorite

Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

  • PS: Casino amendment includes sports betting

    A casino gambling amendment now cleared for the gathering of petitions to qualify for the ballot could bring sports wagering to casinos if approved.
    • May 24, 2018
  • An open line and daily news summary

    Here's the daily roundup of news and comment, plus your opportunity at an open discussion.
    • May 24, 2018
  • Let the debate challenges begin

    Democrat Josh Mahony challenges Thrid District Rep. Steve Womack to a series of debates beforre their November general election contest.
    • May 24, 2018
  • More »

Readers also liked…

  • Women's March planned in Arkansas to mark Trump inauguration

    Speaking of Donald Trump and in answer to a reader's question: There will be a women's march in Arkansas on Jan. 21, the day after inauguration, as well as the national march planned in Washington.
    • Dec 30, 2016
  • Former Arkansas Baptist professor 'exploring' run for Little Rock Ward 7 city director

    Edmond "Ed" Davis, a former professor at Arkansas Baptist College and the executive director of a school applying for a charter in Southwest Little Rock, will announce the formation of an exploratory committee for a campaign for the Little Rock city director Ward 7 position. Brenda "B.J." Wyrick has held the position since 1994.
    • Apr 3, 2018
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation