Taking a Razor-sharp Cut to the Arkansas Capitol Gains Tax

From Eric Dondero:

Elections matter. The number of Republicans increased in the AR House of Reps in 2010 to 44 out of 100, (soon to be 45 with special election in a solid GOP district.)

Now this from ArkansasBusiness.com:

The Arkansas House has approved a cut in the capital gains tax, HB1002, brushing off warnings from [Democrat] Gov. Mike Beebe that it and other cuts could threaten the state's budget.

By a 53-43 vote, the House on Wednesday passed the proposal by Republican Rep. Ed Garner of Maumelle to eliminate the capital gains tax on new investments in Arkansas companies and property.

Painting Arkansas Red at ArkansasGOP.org

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