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.

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.

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.

An Arizona House panel has voted to advance a bill accelerating phased-in insurance company tax cuts included in a law passed last year.

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.

Despite rosier-than-expected revenue collections and projections, top Republican lawmakers have all warned against the dangers of increasing state spending.

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.

A top state House Republican is moving to have the state speed up tax breaks for the insurance industry.

The current proposal to get more money to schools is quite simply, terrible. A manufactured crisis to make sure there is plenty of room for tax cuts this upcoming session.

J.D. Mesnard is hoping that 2016 will be the year when he achieves an elusive goal of flattening out Arizona’s income tax rates.