Featured Articles
Boards and Commissions, PT. 2
(December 2015) Arkansas has an estimated 350 boards and commissions, along with committees (110), councils (39), departments (60), and task forces (42) bringing the total to more than 500 separate state government entities, according to records. A preliminary review found overlapping state entities in the following five public policy areas:
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Gov. Asa Hutchinson to Keynote Policy Foundation 20th Anniversary Event
(November 2015) Arkansas Gov. Asa Hutchinson will keynote the Policy Foundation's 20th anniversary Recognition Reception on Thursday, Dec. 17 from 3 p.m. to 5 p.m. at the Little Rock Club on the 30th Floor of the Regions Center (400 West Capitol Avenue).
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State Government Reorganization Boards and Commissions
(October 2015) Boards and Commissions have been described as "low-hanging fruit" in terms of state government reorganization. A state website lists 119 separate entities that include the words "board" or "commission," though the number could be greater. A U.S. Supreme Court decision earlier this year has caused analysts to question whether some boards and commissions interfere with the workings of a market-based economic system.
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Sound Money Conference
(October 2015) The Policy Foundation is celebrating its 20th anniversary as a market-based think tank this year. The Foundation, as part of the celebration, is hosting a Sound Money Conference to examine monetary policy in the 21st Century. The event is tailored to students and teachers, though everyone with an interest in monetary policy is welcome to attend.
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Tax Rates & Economic Decisions
(September 2015) The top U.S. individual federal income tax rate has declined from 94% to 39.6% in the postwar era. Reduction of the top rate, including the cut from 70% to 28% that occurred in the 1980s was based on the idea tax rates influence economic decisions. Arkansas has also cut income tax rates since 2013, though the top rate remains at 7%.
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Tax Credit Scholarships
(August 2015) Arkansas' first private school choice measure, a voucher program, was enacted earlier this year. The development has generated interest in school choice programs offered in other states. One example are tax credit scholarships. The Friedman Foundation reports the following states offer tax credit scholarships.
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Speaker To Honor Dr. Milton Friedman
(July 2014) Arkansas recently became the 25th state to enact a private school choice program, an idea originating with the late Dr. Milton Friedman (1912-2006), the 1976 Nobel laureate in Economics.
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Policy Foundation To Host 20th Anniversary Banquet
(June 2015) Twenty years ago a small group of business owners and investors concerned about Arkansas' economic future organized the Policy Foundation as a nonpartisan, 501(c)(3) not-for-profit think tank.
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State Of The Recovery
(June 2015) Six years after the Great Recession ended, Arkansas payroll employment growth trails the national average, 8.2 to 4.2 percent, a Policy Foundation analysis of Bureau of Labor Statistics records show.
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Another Capital Gains Tax Myth
(May 2015) Setting the record straight against Arkansas capital gains tax proponents is a full time job. The myth that only a handful of wealthy entrepreneurs pay capital gains taxes is rebutted by state Department of Finance and Administration records that show more than 115,000 Arkansans pay the levy. The myth that capital gains taxes do not effect economic growth is rebutted by U.S. Bureau of Labor Statistics employment data that show states without these levies have higher job creation rates as a group. Another myth is that phase-out of the capital gains tax is a partisan issue in Arkansas. Public records say otherwise.
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The Forgotten 115,000
(April 2015) Critics of capital gains and income tax cuts used fallacious reasoning in numerous failed attempts to defeat tax cuts in 2013 and 2015. One logical fallacy, the ad hominem argument, was trotted out to attack Arkansas entrepreneurs and argue only the wealthy pay capital gains taxes. Another fallacy, the argumentum ad lapidem, consists of dismissing tax cut proponents' claims without examining their content. This is not 'A is A' reasoning. These claims must be rebutted for Arkansas to build on the tax cuts enacted in 2013-15 and move forward.
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Arkansas' First Private School Choice Program
(March 2015) The Policy Foundation, since its founding 20 years ago, has advanced the idea that private school choice would benefit at-risk Arkansas students by introducing competition to the state's K-12 public school system.
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Students at Failing Little Rock Schools Deserve School Choice
(February 2015) The Policy Foundation has maintained an interest in education reform ideas since its founding in Little Rock 20 years ago.
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Little Rock School District Taken Over by State
(February 2015) The Little Rock School District's academic problems were identified in a 1999 Policy Foundation study.
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Convert Failing Schools to Charters, Advance School Choice
(February 2015) Failing Arkansas charter schools are closed. Six failing Little Rock public schools in academic distress remain open. They should be converted into charters starting with the 2015-16 school year. Little Rock students should also have the freedom to attend independent schools with tax credits or vouchers, education reforms adopted in 23 other states.
Defenders of the educational status quo attack charter conversions after takeovers. But a recent National Bureau of Economic Research paper, "Testing School Takeovers in New Orleans and Boston," found that pupils who remain enrolled in a school that is converted from public to charter showed "substantial gains in both cities."
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Sixty Percent of Students at Distressed Little Rock High Schools Less Than Proficient
(February 2015) Sixty percent of students at three Little Rock high schools in academic distress are less than proficient in the category of literacy, according to results reported by the state Department of Education.
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Documents: Outstanding Tax Liens Total $735 Million
(January 26, 2015) Documents obtained by the Policy Foundation from the state Department of Finance and Administration show total outstanding tax liens number 178,612 and total $735,470,927, while policymakers raise taxes and fail to fully reimburse counties for housing state inmates in county jails.
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Arkansas' Non-Competitive Corporate Income Tax Rate
(January 2015) Fiscal action taken by the 90th General Assembly has focused on income and capital gains tax rates, while ignoring Arkansas' non-competitive top corporate tax rate, among the highest in the region.
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More Than Half of Arkansas' Counties Have Lost Population in the 21st Century
(January 2015) Forty (40) Arkansas counties--more than half of the state's 75 counties--have lost population since the 2000 Census, U.S. Census Bureau data show.
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Mission Statement
The Arkansas Policy Foundation is a nonpartisan, non-profit organization that analyzes the impact of public policy on Arkansas and makes recommendations.
The Foundation emphasizes the importance of tax policy and education reform.
Principles of tax policy: Arkansas would benefit from comprehensive, pro-growth reform; Arkansans are not under-taxed; taxes and rates do matter to entrepreneurs; dynamic scoring of tax changes and effects provides benefits.
Education reform: The Foundation seeks intellectual honesty and complete openness in reporting the lack of academic progress in Arkansas' school system.
The Foundation encourages citizenship.
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Arkansas Entrepreneurs Create Hope
A significant number of Arkansas' best-known entrepreneurs started their businesses in recessions.Click Here.
Policy Accomplishments
Following is a list of policy accomplishments occurring in Arkansas since the Policy Foundation was established 22 years ago as a market-based think tank:
Click Here.
Visibility: Media Highlights
"Measuring Arkansas' high-tech employment"
Talk Business
September 5, 2017
"Efficiency In Order"
September 1, 2017
Arkansas Democrat-Gazette
Benton County Daily Record
Northwest Arkansas Times
"State's Jobless rate Still at 3.4%"
August 19, 2017
Arkansas Democrat-Gazette
Benton County Daily Record
Northwest Arkansas Times
"Finding Ways to Do More With Less"
Government Technology
December 9, 2016
Finding Ways to Do More With Less Is Job No. 1 for Arkansas' New Chief Transformation Officer
"State's June jobless rate holds at 3.4%"
Arkansas Democrat-Gazette
July 22, 2017
"Driving Government Efficiencies"
Arkansas Business
May 8, 2017
"State's jobless rate again at record low"
Arkansas Democrat-Gazette
Benton County Daily Record
Northwest Arkansas Times
March 25, 2017
"Citizens and Dictionaries"
Jonesboro Sun
March 20, 2017
"Governor creates board to find cost savings"
Arkansas Democrat-Gazette
Northwest Arkansas Times
Benton County Daily Record
February 21, 2017
"Arkansas governor forms government efficiency panel"
Arkansas News Bureau
Southwest Times Record
"Arkansas governor announces board to find cost savings"
KATV 7-Little Rock
KTHV 11-Little Rock
KHBS 40/29-Fort Smith
McClatchy News Service
Yell County-Record
"Griffin and Shepherd will be part of
governor's 'Transformation Advisory Board'"
Magnolia Reporter
"Hutchinson touts government 'transformation.'
But is less more?"
Arkansas Times
February 20, 2017
"Arkansas Governor Announces Board to Find Cost Savings"
U.S. News and World Reports
"Arkansas Supermajority Takes on the Golden State's"
Wall Street Journal
January 25, 2017
"A New Arkansas Supermajority to Take On Government Bloat"
Wall Street Journal
January 14, 2017
"State jobless rate holds steady at 4%"
Arkansas Democrat-Gazette
Northwest Arkansas Times
Benton County Daily Record
December 17, 2016
"More with less: Government efficiency possible"
Arkansas Democrat-Gazette
Northwest Arkansas Times
Benton County Daily Record
December 9, 2016
"Thrift officer for state named: Governor
taps AEDC executive"
Arkansas Democrat-Gazette
Northwest Arkansas Times
Benton County Daily Record
December 6, 2016
"Governor creates Office of Transformation"
Talk Business-City Wire
"New State Office Created to Promote Efficiency"
Booneville Democrat
"Hutchinson establishes Office of Transformation
with goal of streamlining state government"
Arkansas Times
December 5, 2016
"Hutchinson's office to implement efficiencies
cited in Arkansas Policy Foundation report"
Talk Business-City Wire
November 28, 2016
"Report: State could save up to $50M more:
Room for agency efficiency, review by foundation finds"
Arkansas Democrat-Gazette
Northwest Arkansas Times
Benton County Daily Record
November 25, 2016
"Report: State could save up to $50M more"
Arkansas News Bureau
"Report: State's tax code knotty"
Arkansas Democrat-Gazette
Benton County Daily Record
Northwest Arkansas Times
November 15, 2016
"Medical volunteers and state lines"
Jonesboro Sun
November 1, 2016
"State's jobless rate 10th lowest in U.S."
Arkansas Democrat-Gazette
Benton County Daily Record
Northwest Arkansas Times
September 21, 2016
"Arkansas jobless rate steady at 3.8%"
Arkansas Democrat-Gazette
Benton County Daily Record
Northwest Arkansas Times
July 23, 2106
Letters to the Editor
Arkansas Democrat-Gazette
June 11, 2016
June 7, 2016
"Battle for equality:
Equal-outcomes idea misguided"
Marshall Harmon column
Arkansas Democrat-Gazette
Benton County Daily Register
Northwest Arkansas Times
May 26, 2016
"Jobless mark of 4% a record on state books"
Arkansas Democrat-Gazette
Northwest Arkansas Times
Benton County Daily Record
April 16, 2016
"Jobless rate improving for black teens in
Arkansas, still 'unacceptably high'"
Talk Business & Politics/The City Wire
April 7, 2016
"Revised figures show Benton County income
tops in Arkansas, state falls off 2013 record"
Talk Business & Politics/The City Wire
March 21, 2016
"Government efficiency project seeks to
identify cost savings"
Talk Business & Politics/The City Wire
March 16, 2016
Read Online
"Measuring Up: How Does Arkansas manage to spend
more than $1,500 a year more per kid on its public schools? And what does it get for that money?"
Tulsa (OK.) World
February 1, 2016
"Lessons learned: Economist says Arkansas education tax
didn't work"
Journal Record (Oklahoma City, OK.)
January 7, 2016
"Arkansas as a tipping point"
City-Sentinel (Oklahoma City, OK.)
January 13, 2016
2015 Media Highlights
2014 Media Highlights
2013 Media Highlights
2012 Media Highlights
2011 Media Highlights
2010 Media Highlights
2009 Media Highlights
2008 Media Highlights
Arkansas Charter Schools
A 1996 Policy Foundation study played a key role launching the Arkansas charter school movement.Click Here.
Arkansas Property Tax Appeal Information
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Socialism Doesn't Work
Friedrich A. Hayek taught at the Univ. of Arkansas-Fayetteville in the early 1950s. He was awarded the 1974 Nobel Prize in Economics. His insight? Socialism doesn't work due to the lack of a price system.
Making A Difference In Arkansas
The Arkansas Council on Economic Education (ACEE) is a private, non-profit, non-partisan, educational organization founded in 1962 to promote economic literacy in Arkansas. www.economicsarkansas.org/
Peer-Reviewed Research
The Arkansas Policy Foundation is an educational organization that regularly submits its research to scholarly journals that use a peer review process.
Journal Publications
“Michigan’s MEGA Tax Credits: Hayek’s Insight”
Economic Development Quarterly
Cleveland: Sage Publications
2012
"Wolverines, Razorbacks and Skyscrapers"
Transaction Periodicals Consortium,
Rutgers University
Winter 2010
"The Austrian School in the NBER's Business Cycle Studies"
QJAE
Summer 2010
'Regulation of financial derivatives in the U.S. code' Derivatives Use, Trading and Regulation (London, U.K.) Palgrave Macmillian Ltd. February 2006 Read Online
'Deflation & Economic Growth' QJAE (Piscataway, N.J.) Transaction Periodicals Consortium, Rutgers University Summer 2006
Policy Foundation research on this topic cited by Arkansas Attorney General Mike Beebe (Opinion No. 2005-291)
'A review of state statutes regulating financial derivatives in the USA' Pensions, an International Journal (London, U.K.) Palgrave Macmillian Ltd. 2004 Read Online
Non-Profit Resources
www.foundationcenter.org (Including Form 990s) |