Technology

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…

1. Many of these tax breaks increase over time.
2. Most of them have no sunset date.
3. Most of them have no cost estimate.
4. None of them have clear economic impact or job creation numbers– beyond the nebulous trickledown economics figures normally given by the Arizona Commerce Authority.
5. None of them have clear performance measures.
6. It takes 2/3 vote to get rid of them.
7. 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)

How can a “pro-life” state be #50 for Adverse Childhood Experiences? Because the Arizona Legislature prioritizes corporate welfare over child welfare. It’s that simple.

The House Ways and Means Committee has passed six tax breaks in the past two weeks. Tomorrow’s agenda has 12 bills, including eight additional bills that are tax breaks or other means to reduce revenue. The Microsoft tax break (HB2771) that I warned you about a few weeks ago in on the agenda.

Ways and Means has passed six tax cuts so far in 2020. Has anyone done the math to determine the future annual hit if all of these tax breaks are passed. Probably not. We don’t have any JLBC costs estimates for some of them, and several are structured to automatically increase over time. The Tea Party– under Governor Jan Brewer, Senate President Russell Pearce, and several Legislators who are still in office– passed massive annual decreases in corporate income taxes, the results of which have been felt in the classrooms. When she left office, Brewer suggested that they may have gone overboard with the tax cuts. When Governor Dough Ducey took over, he said real men aren’t afraid to cuts taxes and has continued to cut, cut, cut. Let’s stop cutting and start investing. We have hundreds of millions of dollars in extra funds this year. Don’t let them give it away like they did last year.

Just to be clear– none of these 14 tax reductions would do anything to directly help public education, access to healthcare, reduction in poverty, workforce development or infrastructure. They are all about cutting taxes or giving tax credits to business.

Here are the bills that could reduce general fund revenue in the queue for Feb. 12. If you want the Legislature to invest in education, healthcare, and infrastructure– the People’s To Do List– instead of the corporate wish list, please voice your opinion on Request to Speak (RTS) or by phone or email to your Legislators (regardless of party).

Continue reading Tax Cuts R Us: Third Round of Massive Tax Cuts in House Ways & Means (video)