Properly analyzing tax policy – where to start the debate
The next few weeks will include much debate about President Trump’s economic plans with a primary focus on tax cuts. The typical question will be: “So, is this good?” The typical answer by policymakers and economists will be either “yes” or “no.” That’s it. Interview over. This doesn’t come close to the bare minimum discussion that is required. Here is my offering of where to sta[...]
It’s time for tax reform – here are 6 principles for success
Between health care reform, the border wall, and growing international unrest, Washington has a lot on its plate in the weeks to come. But we must make a point of prioritizing tax reform. Thirty years have passed since the last serious reforms, and our economy has been hampered by our outdated system. We haven’t achieved growth of 3 percent or higher since 2005.
It’s time for tax reform, here are six principles for success
Between health care reform, the border wall, and growing international unrest, Washington has a lot on its plate in the weeks to come. But we must make a point of prioritizing tax reform. Thirty years have passed since the last serious reforms, and our economy has been hampered by our outdated system.
Schools, prisons, welfare seeking bigger slice of the pie
As the mad scramble to craft the state’s spending plan begins, policymakers are quickly realizing that they have precious little money – an estimated $24 million – to spend, and not nearly enough even for their highest priorities.
Insurance premium tax revenues rose in September as corporate tax collections declined
Corporate income tax collections tumbled anew in September, as companies appear to have now caught on to the tax cuts enacted by lawmakers over the years.
Ducey’s income tax cutting goals may be difficult to achieve
Economic circumstances may prove to be quite the obstacle for Gov. Doug Ducey’s goal of making major cuts to Arizona’s income tax rates.
New budget would spend hundreds of millions from state surplus
The budget proposed by GOP leadership in the House and Senate dips into a massive budget surplus to make hundreds of millions of dollars in one-time expenses and millions in tax cuts, but makes few commitments to ongoing spending.
Economists say business tax cuts costing state $350 million a year
Corporate tax cuts enacted during the Great Recession amid promises they would stimulate business growth are actually going to leave the state with $350 million less by the time they’re fully implemented.
House leader seeks another cut to insurance company taxes
An Arizona House panel has voted to advance a bill accelerating phased-in insurance company tax cuts included in a law passed last year.
State pinched by decline in corporate tax revenues
The state is starting to feel the pinch as corporate income tax revenues tumble down, which budget analysts say is the result of tax cuts being phased in.
Tax cuts could pit governor against GOP lawmakers
Despite rosier-than-expected revenue collections and projections, top Republican lawmakers have all warned against the dangers of increasing state spending.
Ducey tells tax group that 2015 cuts 1st step to yearly cuts
Gov. Doug Ducey says a law he signed earlier this year indexing income tax rates for inflation was an important first step to his goal of cutting incomes taxes every year he's in office.