All 12 tax giveaways or revenue reductions heard in the House Ways and Means Committee in the past three weeks passed– many on bipartisan votes. For the record, I was the only person who voted “no” on all of the tax giveaways.
To be clear, none of these tax reductions do anything to: increase education funding, increase access to healthcare, increase prenatal care, reduce adverse birth outcomes, reduce Adverse Childhood Experiences, reduce student debt, increase wages, foster workforce development, reduce poverty, or provide food and housing security for Arizonans. If you are not Microsoft, APS, TEP, SRP, SW Gas, qualified investors, resort owners, developers, contractors, or just rich people, you are not getting a tax break from the Republican Party.
In fact, to pay for education, the Republican Party wants to raise your sales tax while lowering taxes for corporations and elites. Do you want to pay 10 or 11% of sales tax on every purchase? If you don’t, just say no to tax breaks for Microsoft, APS, SRP, TEP, SW Gas, and the richest Arizonans.
Also, remember…
- Many of these tax breaks increase over time.
- Most of them have no sunset date.
- Most of them have no cost estimate.
- None of them have clear economic impact or job creation numbers– beyond the nebulous trickledown economics figures normally given by the Arizona Commerce Authority.
- None of them have clear performance measures.
- It takes 2/3 vote to get rid of them.
- No one has done the math on the total cost of all of them on an annual basis going forward.
We are creating a giant revenue hole in the future. This is fiscal irresponsibility.
Continue reading #AZLeg UPDATE: 12 Tax Giveaways Pass House W&M Committee in 3 Weeks (video)