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Beebe, Petrus find harmony on tax cutting

This pissing contest is over. The boys each proved they could get things done, and both will get credit or tax cuts, although different. Beebe, got to sales tax cut half, better half than nothing.  We’ll all take a deep collective breath and hope that Arkansas doesn’t have an economic downturn. As well, I predict that since 3% of the sales tax on groceries are gone, we’ll see a flurry of towns and counties asking the voters to throw them a bone. One way or the other, the 3% cut is not save from local politicians.

Beebe, Petrus find harmony on tax cutting

The brief stalemate over how best to cut taxes ended Tuesday with an agreement between Gov. Mike Beebe and House Speaker Benny Petrus that ensures Beebe’s signature agenda item, halving the state sales tax on groceries, will be passed.

The deal also includes two things that Petrus sought: expanding the sales-tax cut for manufacturers that Beebe proposed and exempting more low-income Arkansans from the state income tax.

Comments

Comment from Anonymous
Time: February 7, 2007, 11:36 am

Yikes! Judge Black and the Benton Co. quorum court are, no doubt, licking their chops!

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