Special Session is Called to Order, Arkansas General

Assembly Eyes Income Tax Cuts

In a special session starting Monday, the Arkansas General Assembly will consider cutting the state's income taxes for the fourth session during the past 22 months.

The Arkansas General Assembly cut income taxes during an August 2022 special session, called by then-Gov. Asa Hutchinson, and then in the 2023 regular session and in a September 2023 special session under Gov. Sarah Huckabee Sanders.

Sanders on Tuesday night issued the written call for a special session to begin at noon Monday.

"With the state's financial stability, increased economic growth, healthy reserve accounts, and conservative spending policies, additional tax reductions can be enacted to provide further tax relief during this period of heightened inflation under 'Bidenomics,'" the Republican governor wrote in her call for the special session.

Read More Here and Here

Read the Governor's Call Here

Biden Price Hikes Strike Again – How Much More?

Americans seeking relief from sky-high prices under Crooked Joe Biden will be sorely disappointed. Prices are up 20% under Joe Biden.

What you need to know:

• May’s Consumer Price Index increased by 3.3% compared to last year – twice the rate compared to when Biden took office.
• Inflation has been at or above 3% for 38 straight months, the longest period of high inflation since the late 1980s and well above the Fed's average target of 2%.
• Since Biden took office:
• Gasoline is up 54.8%;
• Margarine is up 51.9%;
• Motor vehicle insurance is up 51.7%;
• Energy costs are up 41.3%;
• Motor vehicle repair costs are up 40.6%;
• Eggs are up 40.1%;
• Airline fares are up 39.9%;
• Admission to sporting events is up 34.0%.
• Overall prices have risen by 20.1% since Biden took office – with Americans still reeling from the lasting effects of inflation.
• On a year-over-year basis, inflation under Biden has averaged 5.4% – roughly double the level of inflation seen under any of the last four presidents.
• Hardworking Americans are struggling to survive financially as Bidenomics continues to drain their wallets.
• Nearly half of Americans consider themselves “broke.”
• 66% of Americans worry about covering one month of expenses if they lose their job.
• 58% of registered voters report living paycheck-to-paycheck.
• The personal savings rate was 3.6% in April, well below a decades long average of roughly 8.9%.
• Americans’ earnings have taken a massive hit.
• Americans have seen a 3.9% pay cut under Biden.
• Under President Trump, real average weekly wages rose 8.2%.
• American families are seeing higher prices for virtually everything, and they know exactly who to blame: Biden and Democrats.
• 92% of registered voters are concerned about inflation.
• 60% of Americans disapprove of the way Biden is handling inflation and 52% disapprove of Biden’s handling of jobs and the economy.
• 60% of Americans believe the economy is on the wrong track, 58% think the economy is weak, and 48% say their current personal economic situation is getting worse.
• 71% of voters believe economic conditions are worsening and 49% said they thought Biden made things worse with his economic policies.
• 70% of voters have a negative view of the economy and 55% of voters trust President Trump to better manage the economy.

The bottom line:

Americans simply cannot keep up with the cost of nearly everything in Joe Biden’s presidency. It’s called “Bidenomics.”

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