tax policy

Arkansas Gov. Asa Hutchinson, nearing the end of his term, reflects on eight years in office

BY: - December 27, 2022

As Arkansas Gov. Asa Hutchinson looks back on his eight years in office, what he’s most proud of might surprise you.  Sure, he takes pride in shepherding through the largest income tax cuts in state history, but that’s not the first thing he mentioned in a wide-ranging interview about his administration. “Whenever you look at […]

A man and a boy draw with chalk on a sidewalk in 2021 to celebrate new monthly expanded child tax credit payments. Hopes that the credit would be revived by the end of 2022 vanished Tuesday when a major spending package did not include the proposal. (Photo by Bryan Bedder/Getty Images for ParentsTogether)

Child tax credit expansion left out of congressional omnibus package

BY: - December 20, 2022

WASHINGTON — Any last hopes of resurrecting the expanded child tax credit as part of Congress’ massive spending package were dashed early Tuesday when the 4,155-page bill was released without a mention of the tax benefit. The temporary expanded child tax credit, part of a COVID-19 relief deal in 2021, allowed more low-income families, including […]