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Tag Archives: Fiscal conservatism

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Big tax cuts come back to haunt Arizona

Big tax cuts come back to haunt Arizona

Were you fiscally conservative or fiscally irresponsible? That’s the question I pose to any incumbent Arizona legislator now running for re-election (or other elected positions) on Nov. 4 who voted for the corporate and related tax-cut legislation in 2011 that is starting to burn a hole in the state’s budget.

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A balanced budget… for now: Threat of lawsuits could undo spending cuts (access required)

Fiscally conservative Republicans won the argument when the governor agreed to forego borrowing and other budget gimmicks to help shore up the state’s sagging revenues, and the budget-slashing proposal was also a vindication for legislators who saw themselves as lone voices in the wilderness, warning for many years that politicians’ appetite for spending would one day come back to haunt them.

But a bigger, perhaps more critical fight looms.

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