Tax Cut Alternatives on the Table, but Compromise Possible - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

Tax Cut Alternatives on the Table, but Compromise Possible

FEBRUARY 5, 2007 - Posted at 7:53 a.m. CST

 

LITTLE ROCK (AP) - House leaders pressing for an alternative to Governor Beebe's sales tax cut proposal will get their chance this week. Votes are expected in the next few days on a low-income tax credit and tax breaks for retirees.

The House is scheduled to vote today on the low-income credit and the retiree tax break. Both measures are part of a package backed by House Speaker Benny Petrus that is competing with Beebe's proposal to cut in half the state's six-cent sales tax on groceries.

Petrus, however, hinted last week that he may be willing to compromise with Beebe in exchange for a higher cut in the state sales tax manufacturers pay for utilities.

(Copyright 2007 by The Associated Press.  All Rights Reserved.)

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