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ACRE’s Top 10 Policy Goals for the 2023 Ƶ Legislative Session

By Jeremy Horpedahl, ACRE Director The Ƶ General Assembly convenes for the 2023 general session on January 9, 2023. Over the weeks and months that follow, the Legislature will consider bills on a wide variety of issues affecting individuals and businesses in Ƶ. Researchers at ACRE have been hard at work since the last legislative […]

Ƶ Celebrates Historic-Low Income Tax Rates

by Joseph Johns, ACRE Policy Analyst The Ƶ General Assembly has been making historic strides toward reducing the cost of living for Ƶ families. Following the tax changes made in a special session last month, Governor Hutchinson has now enacted a total of five tax cut packages during his administration. The top marginal income tax […]

Ƶ Special Session Roundup: Legislature Accelerates Tax Cuts

By Joseph Johns The Ƶ Legislature adjourned its Special Session today after accelerating income tax cuts it passed during special session of late 2021. The legislature chose to move the tax cuts forward due to a historic state surplus of over $1.6 billion as of June 30, 2022. SB1 lowered the top marginal individual income […]

What Should Ƶ Do With Its Budget Surplus? Better Budget Rules Are Needed in the Future

by Joseph Johns Ƶ recently reported the highest budget surplus in state history, a record-setting $1.628 billion as of June 30, 2022. While this is good news in some respects, the true history of state surpluses reveals a disturbing trend that needs to be addressed. Ƶ has run a surplus for 22 of the past […]

Should Attracting Business to Ƶ Rely on Legislation That Plays Favorites?

by Dr. Jeremy Horpedahl The arrival of Pittsburgh-based U.S. Steel Corp’s new sustainable and technologically advanced mill in Osceola, Ƶ promises to bring jobs and revenue to the state. This is something most of us can get behind. However, the way the deal was secured raises concerns for a free and fair marketplace. The legislature […]

What’s the Rush? Upcoming Special Election in Conway is Important, but Turnout May Be Low

by Dr. Jeremy Horpedahl In just a few days on February 8th, Conway residents will be asked to vote on almost $40 million worth of bond issues. “Bond issues” may sound boring, but these would fund new amenities in Conway: a community center, pool, fitness center, and soccer complex. Conway residents have reason to be […]

Dr. Horpedahl Explains Tax Proposals on Capitol View

Dr. Jeremy Horpedahl, ACRE Scholar and UCA Associate Professor of Economics, recently appeared on the television program Capitol View with host Jay Bir. They discussed Ƶ’s tax system and how recently proposed changes by Gov. Hutchinson might impact Ƶ taxpayers and the state budget. You can watch the full interview online from KARK. The changes […]

Horpedahl, Johns Discuss the Upcoming Special Tax Session on “Believe in Ƶ”

By Joseph Johns Dr. Jeremy Horpedahl and I spoke with Ryan Norris, State Director of the Ƶ Chapter of Americans for Prosperity, on his Believe in Ƶ podcast. Our conversation focused on the proposed state tax changes and more broadly about both tax and spending issues in Ƶ over the past few years. The first […]

Mitchell, Johns Discuss Taxes and LTRF on Dave Elswick Show

By Joseph Johns ACRE Director David “Mitch” Mitchell and I spoke on the Dave Elswick Show on Monday, October 4th, 2021, about the upcoming Ƶ special legislative session. We discussed two main tax cut bills currently under consideration by the legislature. The first plan, by Joint Budget Committee Co-Chair Senator Jonathan Dismang [R-Searcy] would reduce […]

Arkansans Could See Big Savings from Special Session

By Joseph Johns and Jeremy Horpedahl The Ƶ legislature may be meeting in the near future to consider changes to the income tax that individuals, families, and small businesses pay. So far we are aware of two potential plans to lower taxes, and more could be proposed at a special session this fall. The plans […]