TAX
Arizona Is Now a High Tax State Thanks to Prop 208
It wasn’t that long ago when Arizona’s top marginal tax rate was one of the most competitive in the country! But all of that changed thanks to Proposition 208.
Prop 208 Voters Were Deceived—Now Small Businesses Are Paying the Price
They said that Proposition 208 wouldn’t affect the Arizona economy or small businesses. But small businesses are already seeing the effects.
Most States Reject Higher Taxes at the Ballot Box; Arizona is the Lone Exception
While public attention has been on the highly charged speculations of the Presidential race, voters in 17 states throughout the country were asked to vote on a variety of tax measures at the ballot box. The results of these measures were fascinating to say the least,...
Soak the Rich Income Tax Ballot Initiative is Back
In an attempt to capitalize on the Red4ED strikes in 2018, education advocates and teacher unions organized efforts to put a $700 Million income tax increase on the ballot. Dubbed the “InvestInEd” measure, the initiative purported to target this massive tax hike on...
Swampy D.C Program Rampant With Fraud, Being Pushed in Arizona.
Every legislative session, lawmakers are duped by rosy tax credit programs, sold as either robust jobs programs or silver bullets to our social woes. This year HB2732, sponsored by Representative Ben Weninger, is being sold as both. The Low-Income Housing Tax...
New Study Shows Low Income Housing Tax Credit Program Fails at Delivering Affordable Housing in Arizona
Today the Arizona Free Enterprise Club released a new study evaluating the cost of Low-Income Housing Tax Credits (LIHTC) in Arizona and Washington and how LIHTC have performed compared to other government backed housing affordability programs. The review determined...
2020 Democrat Tax Hike Plan: $5.73 BILLION DOLLARS
For years Democrats have complained that virtually every government program in Arizona is underfunded because of all the “draconian” tax cuts that have occurred. Given that most national rankings show Arizona is middle of the pack among states when it comes to overall...
Pro-Growth Recommendations on Rolling Back Tax Increases
As the Club highlighted last week, through a combination of economic growth and tax and fee increases, Arizona is likely to have a budget surplus this year approaching $1 Billion dollars. Adding to this figure was news announced on Friday that the state expects to...
Education Groups Demand More K-12 Funding While School Districts go on Administration Spending Spree
Here is an under-reported education fact: K-12 schools in Arizona have received over $1 Billion in new funding from the state over the last two years. This infusion of cash is the largest education spending increase in state history, boosting per pupil funding by 20...
$700 Million and Growing: Arizona Enjoying Another Huge Budget Surplus
The Joint Budget Legislative Committee released their October Fiscal Update, and it was more good news for the state budget coffers. September tax receipts were $120 Million above the adopted budget forecast, an 8.7% increase over the prior year. The explosion in tax...
Proposal to Increase Property and Sales Taxes Would Derail Arizona’s Economic Boom
Arizona’s economy has been on fire. In just the last year the Grand Canyon state has created 75,000 jobs and Maricopa county leads the nation in population growth. The state is more productive than ever too. Arizona now ranks third fastest growing GDP in...
Getting Conform and Reform Right
As the Club has covered for over a year, Arizona taxpayers are facing the largest income tax increase in state history if a proper federal tax conformity plan is not adopted by the legislature. The department of revenue estimates that the conformity tax increase would...