Arkansas Governor Says There's No Room For More Tax Cuts

Mar 26, 2015

Gov. Asa Hutchinson speaking to reporters last week.
Credit Jacob Kauffman / KUAR News

Arkansas Gov. Asa Hutchinson says there's no room in his proposed budget for additional tax cuts, despite a renewed push to find funding for an exemption for military veterans.

Hutchinson told reporters on Thursday that a $102 million middle class income tax cut he signed into law last month and an effort to restore a capital gains break that was scaled back to help pay for that reduction are all that his proposed budget can afford.

The chairman of the Senate Revenue and Taxation Committee on Wednesday left open the possibility of an exemption on veteran's retirement pay, and asked the lieutenant governor to work with lawmakers on finding a way to fund it.