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Arkansas House Passes $120 Million in Tax Cuts

The Arkansas House has approved over $120 million in tax cuts, all made possible by the deal struck on health care expansion for uninsured Arkansans earlier this week.
LITTLE ROCK, AR -- The Arkansas House has approved over $120 million in tax cuts, all made possible by the deal struck on health care expansion for uninsured Arkansans earlier this week.

The tax cuts will not take effect right away, however, as they will amount to just $10 million in 2014, but then ratcheting up to well over $100 million by 2016.

"We need to think about the decision we're about to make," Rep. Kim Hammer said. "If you want to get on the ship and sail it through the rough storms, it will be easier next year but come '16 and '17 you better have your life jacket on because the potential for the perfect storm is there."

The state will begin to have to pick up some of the tab for health care expansion in 2017, which could create budget problems.
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