Rep. Ed Garner Pro Jobs - Introduces HB1002 - Arkansas Reduction of the Capital Gains Tax

Ed Garner

Ed Garner (R-Dist 41) evidences sound logic for stimulating job growth in Arkansas by introducing HB1002 to reduce the capital gains taxes on new investments by corporations in Arkansas. If approved, this bill provides an excellent step forward to stimulating job growth in Arkansas. The only better option would be the total elimination of all capital gains taxes.

Arkansas is not as business friendly as many of our neighboring states. Except for those businesses able to cut special deals with the Governor of Arkansas, all others are left dangling including Arkansans who have capital which might be invested in new business ventures or expansion.  However, they avoid doing so because any success would breed more taxation on their investments.

Gov. Mitch Daniels (R-IN) recently outlined that the only thing we should desire from businesses and corporations is that they make profits for it is from these than new jobs and expansion of business occurs in the state. And, indeed state revenues increase.

The below AFP Arkansas video provided Rep. Garner the opportunity to share about the HB1002

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Tags: Arkansas, Americans for Prosperity, Ed Garner, corporate tax, investments, corporations, HB 1002, video, Mitch Daniels, Indiana To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!