Arkansas House Speaker Davy Carter says the House and Senate are working to develop between $50 million and $60 million in tax cuts in each chamber.
The House on Monday passed the first of its proposed tax reductions, one that would benefit poultry and catfish producers. Carter, a Republican from Cabot, says there are still no specifics available on what state spending will be cut.
Carter says the spending cuts have to be considered in light of Gov. Mike Beebe's proposed budget and potential future spending needs.