Today is Wednesday, 8th May 2024

AR: Lt. Governor Candidate wants to ax franchise tax and health care law

From ArkansasNews:

Mark Darr, the Republican candidate for lieutenant governor, said today he would work to do away with the state corporate franchise tax and fight the federal health care reform law with a lawsuit of his own if elected in November.

The Rogers businessman said he opposes the $150 annual corporate franchise tax business people pay and would work to get legislation passed to eliminate the levy.

“That’s an unnecessary tax,” Darr said during a news conference at the state Capitol. “That’s $11 million that could be put back into the private sector for creating jobs.”

The Republican said his opponent, Democratic state Sen. Shane Broadway of Bryant was instrumental in getting the tax tripled in 2004.

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