Lawmakers are considering a state budget proposal that will shrink state revenues by more than $1.5 billion each year, gives huge tax breaks to the rich, and will create a structural deficit starting in fiscal year 2023….
Abundance and bounty are not words typically associated with a state known for its harsh desert landscape. But when it comes to Arizona’s public resources—for once—there is plenty. According to the Joint Legislative…
The proposed 2.5% flat tax rate and the 4.5% total cap on any income taxes would not only mean a $1.9 billion cut to state revenues, it would also mean a cut to the urban revenue sharing dollars Arizona’s cities and towns…
Tax policy plays a role in the fight for economic and racial justice. The type of tax and how it is structured matters. A new report issued by the Institute for Taxation and Economic Policy (ITEP), Taxes and Racial Equity…
Thousands of Arizonans are facing huge challenges during the COVID-19 health and economic crisis. Many have lost their jobs or are working reduced hours, struggling to put food on the table. And many small businesses are…
Senate Bill 1783 allows rich individual tax filers to remove profits from their businesses, trusts, and estates from the calculation of their individual taxable income so that they can avoid paying the surcharge established…
This year, state lawmakers in Arizona introduced more than 1,800 pieces of legislation. Committee chairs, using their power through rules and deadlines, select which bills receive a hearing for consideration. Every year…
The economic shockwaves from the COVID-19 pandemic have by no means subsided. According to our recent analysis of Household Pulse Survey data, 1 in 3 households in Arizona cannot afford usual expenses, 1 in 6 renter households…
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