Into a corner.(new Arkansas taxes)

Arkansas Business | July 21, 2003| | Copyright

JOHN PRINE IS RIGHT: IT IS A big old goofy world. And nothing is goofier than trying to make sense out of tax policy.

Last week, the Bush administration acknowledged that the federal budget deficit would be $455 billion in the fiscal year that will end Sept. 30 and $20 billion higher next year. A chunk of that deficit will go into the mail later this week, when the IRS starts sending out checks of $400 per child for parents with kids under 17.

Meanwhile, the city of Little Rock is asking for another 1/2 cent sales tax in order to make--this part is ...

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