Arizona Gov. Doug Ducey is ratcheting up the pressure on GOP lawmakers to reach an agreement on the budget, vowing not to sign any other legislation that reaches his desk until he gets a budget, and backing up his threat by vetoing 22 bills.... Read more»
Attorney General Mark Brnovich is asking a federal judge to strike down a provision of the recent $1.9 trillion COVID-19 relief package that bars states from using the money to “directly or indirectly” offset the cost of tax cuts, arguing that the law is either unconstitutionally vague or an infringement of state sovereignty. ... Read more»
Attorney General Mark Brnovich plans to sue the U.S. Treasury Department over a provision in a federal COVID-19 relief package that limits states’ ability to cut taxes. ... Read more»
Republican lawmakers and Gov. Doug Ducey aren’t changing their plans for big tax cuts this year, despite a provision of the latest federal COVID relief bill seeking to block states from using the money to fund tax reductions. ... Read more»
Gov. Doug Ducey will push to make $600 million income tax cuts, phased in over the next three years, and he wants those cuts to be broad-based so they will affect as many Arizonans as possible. However, history has shown that today’s surplus can quickly turn into a deficit, and that tax cuts that go into effect when revenues are strong can become a drag on the state’s budget when the economy goes south.... Read more»
If there’s one thing that unites conservative politicians, it’s the economic value to all of society of tax cuts that disproportionately benefit the wealthy. While the arguments in favor of tax cuts for the wealthy have been known to change over time, the bottom line never does.... Read more»
Some are lamenting Arizona's recent tax cuts and others are cheering. Both sides, however, are missing a larger point. Much of the discussion has focused on a big number: $2.5 billion. That's the estimated size of these tax cuts over the next eight years.... Read more»
President Obama has repeatedly and falsely claimed that “right now, we’re scheduled to spend nearly $1 trillion more” in tax cuts for the “wealthiest 2 percent of Americans.” That’s simply not true.... Read more»
President Barack Obama is expected to unveil a $300 billion plan to boost the economy in his speech Thursday before a joint session of Congress.
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Sen. Jeff Sessions wrongly claimed that federal revenues "went up every single year" after the Bush tax cuts were "put in." Actually, federal revenues declined for three straight years after the first tax cut was signed in 2001.... Read more»
A new analysis by the Center on Budget and Policy Priorities lays the blame for our current fiscal woes squarely at the feet of the Bush administration. It also offers clear cut solutions.... Read more»2
Intel Corp.'s decision to invest $5 billion to build chip-manufacturing plant in Chandler is sign that making Arizona more enticing for businesses will pay off, Gov. Jan Brewer said Friday. A spokesman for the chip maker said the timing is coincidental.... Read more»
Oil prices are high and rising at an alarming pace. But even with their cash registers overflowing with dollars from struggling families, Big Oil is mobilizing to defeat President Obama's proposal to invest $4 billion annually in clean energy programs by ending unnecessary tax loopholes... Read more»
Progressives have suspected for years that Americans vote for the GOP because they have a deeply unrealistic idea about their real chances of becoming wealthy. Working stiffs vote for tax cuts and other goodies for the rich because they seriously believe that they're going to be rich themselves someday.... Read more»
The Bechtel Corporation. PriceWaterhouseCooper. The Tribune Company. These are not the sort of companies that immediately jump to mind when one hears the phrase “small business.” But if conservatives in Congress have their way, the owners of these behemoths of U.S. business are going to receive a tax cut next year—under the guise of tax relief for small businesses.... Read more»
Opinion: It’s the big debate in Washington—extend the “tax cuts for the middle class” alone or include the “tax cuts for the wealthy,” too. A choice between “us” or “them and us.” But really, it’s not a question of whether everyone gets their tax cuts extended. It’s a question of whether everyone gets something and the rich get a bonus.... Read more»
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