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Arkansas prepares for significant tax cuts
ANDREW DeMILLO - The Associated Press

06:11:11AM (DST) Monday,March 21,2011.

LITTLE ROCK, Ark. (AP) — Arkansas is poised to become one of the first states in the nation to enact a significant tax cut this year, showing the sentiment for scaling back government even in places where state spending is limited and no fiscal crisis exists.

State representatives Monday are expected to approve cutting the grocery tax, the centerpiece of a $35 million tax cut package. The action comes days after lawmakers reached an agreement with Democratic Gov. Mike Beebe on reductions of five other taxes likely to be approved later this week.

The amount of the cuts doesn't compare with the deep reductions proposed in some larger states, especially those with fiscal problems that are trying to attract new businesses. But it shows the far-reaching impact of the anti-spending backlash in the 2010 election that swept more Republicans into office across the nation. The cuts could be enacted so rapidly in Arkansas because the state's Democrats, including Gov. Mike Beebe and the majority that control both chambers of the Legislature, are conservative and differ little from Republican lawmakers on most fiscal issues.

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* There is going to be a noisy reactions to these proposed cuts.
This will be watched... *

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