FOR IMMEDIATE RELEASE
Hannah Bunch, (870) 917-4166
Lt. Governor Griffin Calls for a Complete Phase-Out of Arkansas's Personal Income Tax
Says 'Eliminating the income tax will incentivize work and productivity, attract high-quality, good-paying jobs, and unleash Arkansas small businesses'
LITTLE ROCK – Lt. Governor Griffin today called for a complete and total phase-out of Arkansas's personal income tax over a period of several years and provided the following statement:
"Governor Hutchinson and the General Assembly deserve tremendous credit for lowering our chronically uncompetitive income tax rates from 7.0% to 5.9%, starting in 2015. However, there is much more work to be done. Now more than ever before, states are competing with each other: for jobs, for new movers, for skilled workers, and for quality of life. Arkansas needs bold ideas if we are to make our state the best possible place to live, work, and raise a family. That's why I'm calling for a complete and total phase-out of Arkansas's personal income tax. Eliminating the income tax will incentivize work and productivity, attract high-quality, good-paying jobs, and unleash Arkansas small businesses. I am ready to chart a course that leads Arkansas to a brighter future -- one with zero income tax. That conversation begins today.
"Eliminating the income tax won't be easy, and it won't happen overnight. It could take 10 years or possibly even longer. How long it will take to achieve this goal will depend on a number of factors, including our rate of economic growth and our commitment to spending discipline and reform of state government. We must be responsible and do it in a way that protects funding for essential government services, especially for our most vulnerable citizens. But this goal should be our North Star - every tax-related decision in state government should be made through the prism of whether it moves us closer to or further away from this goal. I know from many conversations with both legislators and Arkansans from all corners of our state that they are ready for this bold idea."
Lt. Governor Griffin spoke about phasing out Arkansas's income tax over the weekend on KARK'S Capitol View. You can view that segment here.
About Lt. Governor Tim Griffin
He was elected lieutenant governor of Arkansas on November 4, 2014, and was re-elected for his second four-year term on November 6, 2018. From 2011-2015, Griffin served as the 24th representative of Arkansas’s Second Congressional District. For the 113th Congress, he was a member of the House Committee on Ways and Means while also serving as a Deputy Whip for the Majority. In the 112th Congress, he served as a member of the House Armed Services Committee, the House Committee on Foreign Affairs and the House Committee on the Judiciary.
Griffin is a graduate of Magnolia High School, Hendrix College in Conway and Tulane Law School in New Orleans, and attended graduate school at Oxford University. Griffin has served as an officer in the U.S. Army Reserve, Judge Advocate General's (JAG) Corps, for over 22 years and currently holds the rank of colonel. In 2005, Griffin was mobilized to active duty as an Army prosecutor at Fort Campbell, Kentucky, and served with the 101st Airborne Division (Air Assault) in Mosul, Iraq. He is currently serving as the Commander of the 134th Legal Operations Detachment (LOD) at Fort Bragg, North Carolina. Prior to his current post, Griffin served as a senior legislative advisor to the Under Secretary of Defense for Personnel and Readiness at the Pentagon. Colonel Griffin holds a master's degree in strategic studies from the U.S. Army War College, Carlisle Barracks, Pennsylvania. He also served as U.S. Attorney for the Eastern District of Arkansas and Special Assistant to the President and Deputy Director of Political Affairs for President George W. Bush. Griffin lives in Little Rock with his wife Elizabeth, a Camden native, and their three children.