The federal government shutdown last month could shave 0.3 percent off the expected growth of Arizona’s gross state product in the fourth quarter of this year, according to a recent report.Read More »
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Three years after voters approved Proposition 100, the naysayers’ doom-and-gloom predictions about the consequences of the temporary sales tax hike haven’t panned out.
Arguments against Gov. Jan Brewer’s proposal for a temporary 1-cent sales tax increase often veered into predictions of catastrophe. Many said it would severely hamper the state’s economic recovery efforts, that the tax hike would herald a future of tax-and-spend policies in support of an expanding and bloated government that would scare off businesses, and push Arizona toward bankruptcy and turn the state into another California.