Looking at a report from the Institute on Taxation and Economic Policy, opponents point out that only Arkansans who make over $155,000 a year would receive benefits from the
tax cut. The capital gains exemption would only benefit the wealthy. Add to this the
fact that cutting taxes to stimulate growth is another failed economic theory and you have a recipe for further disaster in Arkansas.
Meanwhile, the poor, the people who could really use a tax cut, were completely ignored.