FOR IMMEDIATE RELEASE
November 9, 2023
CONTACT
Rachael Slobodien
rachael@opportunityarkansas.org
OPPORTUNITY ARKANSAS RELEASES SIX STRATEGIES TO ACCELERATE THE PHASE OUT OF THE STATE’S WORK-PUNISHING INCOME TAX
CONWAY, AR – Today, Opportunity Arkansas released a comprehensive report, “Pathway to Prosperity: How to Phase Out Arkansas’s Work-Punishing Personal Income Tax,” which outlines six strategies state policymakers can implement to accelerate income tax elimination.
The six strategies include:
1. Creating tax cut triggers;
2. Limiting future spending increases;
3. Getting major budget items under control;
4. Draining the bloated state bureaucracy in Little Rock;
5. Eliminating wasteful spending; and
6. Simplifying revenue streams.
These strategies, when coupled with organic revenue growth generated by lower taxes and a growing economy, will continue making Arkansas a more competitive place to live and work.
Upon release of the latest report, Nic Horton, CEO & Founder of Opportunity Arkansas, offered the following comments:
“Unfortunately, Arkansas’s income tax is holding back our state and our people from realizing their full potential. But fortunately, having a state income tax is a choice—and it is a choice policymakers should reject. Opportunity Arkansas is proud to work hand-in-hand to make this goal a reality for Arkansans across our state.
“With a substantial budget surplus and state leaders who are committed to reducing the tax burden Arkansans face, there has never been a better time in Arkansas to gradually and decisively phase out the income tax and cement the state as an economic powerhouse. Hardworking Arkansans deserve a government that is as good as our people.”
To read the report in its entirety, click here.
For meetings, bookings, or interviews, contact Rachael Slobodien via email at rachael@opportunityarkansas.org.
About Opportunity Arkansas Foundation
Opportunity Arkansas Foundation is an independent, non-profit 501(c)(3) organization on a mission to renew the Land of Opportunity by simplifying government and solving generational problems for the next generation. OA stands ready to partner with state policymakers who share these goals. To learn more, visit www.OpportunityArkansas.org.
