FOR IMMEDIATE RELEASE
July 7, 2023
Nic Horton, (501) 230-9302
LITTLE ROCK – Arkansas's fiscal year ended on June 30 with a $1.1 billion surplus.
Following this news, Nic Horton, founder and CEO of Opportunity Arkansas, released the following statement:
“In light of the recent news about the end of the fiscal year surplus, the time is now for state leaders to deliver on their promises of serious, significant income tax relief for working Arkansans. The longer we wait, the more difficult it will be for this tax relief to happen, as special interests will devise more and more ways to waste the money. In fact, it’s already started.
"Arkansas has an income tax that punishes work — and we are bordered by two states that don’t. We are falling behind and failing to compete. It’s time to change course.
"Opportunity Arkansas has been vocal about our disappointment with the meager tax cuts that occurred during the regular 2023 session. But state leaders have a second chance to get this right: the governor should call a special session and pass an additional $250 million (minimum) in income tax relief. This is less than a quarter of the surplus but would send a clear message to Arkansans and businesses that the income tax’s days are numbered.
"We have a once-in-a-generation opportunity to reward hard work and take a giant leap towards eliminating our income tax. We should seize it."
For meetings, bookings, or interviews, contact Nic Horton via email at email@example.com or via phone at (501) 230-9302.
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.