House Approves Tax Credit for Working Families - KAIT Jonesboro, AR - Region 8 News, weather, sports

Little Rock, AR

House Approves Tax Credit for Working Families

FEBRUARY 5, 2007 - Posted at 4:02 p.m. CST

 

LITTLE ROCK, AR - The Arkansas House voted today to approve a $75 income tax credit for working class families.  The bill is the centerpiece in a series of proposals that compete directly with Governor Beebe's plan to cut in half the state's six-cent sales tax on grocery purchases.

Some legislative leaders have said they are willing to compromise on tax cuts.

On an 85-to-12 vote, representatives sent the income tax credit to the Senate, which voted 35-to-0 last week to approve Beebe's plan to reduce the tax on food to three cents.

Republican Representative Keven Anderson of Rogers told House members before the vote that the income tax credit is more progressive than a sales tax cut.

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

Powered by Frankly