Arkansas GOP Officials focus on tax cuts

The Baxter Bulletin: LITTLE ROCK — The Arkansas Legislature focused on tax cuts Monday, with Mountain Home congressmen Rep. Johnny Key and Sen. Shawn Womack filing bills to reduce retiree income taxes while Gov. Mike Beebe's grocery tax cut cleared a Senate committee. Womack and Key filed identical bills in the House and Senate that would reduce taxes to retirees by increasing their exemption from retirement benefits from $6,000 to $10,000.

Eight senators and 16 representatives co-sponsored the bills benefiting retirees. Key said in a statement to The Bulletin that he and Womack have worked for years to boost the exemption for retirees. "If this tax cut is enacted, not only will it benefit retirees currently living in the Twin Lakes area, it will also make Arkansas more appealing for new retirees looking to relocate here," Key said. The tax exemption is part of a proposed alternative to Beebe's planned grocery tax cut, according to the statement. [Read More]

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Tags: Arkansas, GOP, Republican, tax-cuts