Hutchinson says he would cut income tax in Arkansas

LITTLE ROCK, AR (AP) - Republican gubernatorial hopeful and former U.S. Rep. Asa Hutchinson is releasing details about his proposal to cut the income tax rate for some Arkansans.

Hutchinson said Tuesday that if elected he would seek to reduce the income tax rate for people earning between $20,400 and $75,000.

Hutchinson says the tax cuts under his plan will cost about $100 million. He says that can be paid for with existing growth and surplus funds.

Hutchinson, Little Rock businessman Curtis Coleman and state Rep. Debra Hobbs are seeking the GOP nomination for governor. Former U.S. Rep. Mike Ross is seeking the Democratic nomination.

Democratic Gov. Mike Beebe is term-limited and can't seek re-election next year.

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