SB 1167, approved on a 4-3 bipartisan vote by the Finance Committee, would allow those who have served for at least 20 years to exempt $10,000 of their pensions from the state income tax.Read More »
If the success of supply side economics is so obvious, why doesn’t the research show it? We know the bias of the university research community – over 80 percent of their campaign contributions go to Democrats. The expression of this bias in the pages of research journals has been non-stop.Read More »
Crandell’s overhaul of school finance plan attracts skepticism and support
It’s a puzzle that has vexed policymakers, education leaders and business groups for decades, but it’s one that Sen. Chester Crandell hopes to solve: How can the state revamp education funding to be both fair and simple?
Members of a panel tasked with studying Arizona’s personal income tax system said that while flattening or doing away with the income tax may be a popular talking point, the state’s current system is reasonably fair and may not need a major overhaul.Read More »
Legislative budget analysts say the federal budgetary "fiscal cliff" may have a bright side for the state treasury, at least in the short term.Read More »
In a somewhat unusual turn of events, Arizona's tax-averse business community is asking state lawmakers for what amounts to a temporary tax increase for employers.Read More »
Reducing taxes is attractive for those who pay and the GOP plan is good for business, bad for homeowners. Conceptually, it is very simple however: property tax revenue results from assessed valuations multiplied by tax rates.
The problem is the government spends money and then expects taxpayers to pay, similar to a spendthrift college student with a parent’s credit card.
Senate Republicans will push for a slew of tax cuts for businesses next year, part of a package aimed at attracting companies to Arizona.Read More »