LITTLE ROCK — Republican gubernatorial hopeful and former U.S. Rep. Asa Hutchinson says he wants to cut Arkansas’ income tax rate, starting with the middle class.
Hutchinson said Tuesday that, if elected, he would seek to reduce the income tax rate for people earning between $20,400 and $75,000.
Hutchinson says the tax cuts under his plan would cost about $100 million. He says that can be paid for with existing growth and surplus funds.
Hutchinson, Little Rock businessman Curtis Coleman and state Rep. Debra Hobbs are seeking the GOP nomination for governor. Former U.S. Rep. Mike Ross is seeking the Democratic nomination.
Democratic Gov. Mike Beebe is term-limited and can’t seek re-election next year.
Ross’s campaign said Tuesday that Ross has said he would implement income tax cuts that target working families.