Americans are a hard-working bunch and should keep what they earn. Our ideas for tax reform reduce the burden of taxes while ensuring governments have the resources to focus on core responsibilities.
Most Arizonans probably think the state’s budget problems were solved with Proposition 100, the 18 percent sales tax increase approved in May 2010. However, if Arizona’s voters fail to approve two more budget-related proposals during the Nov. 2 general election, the Legislature will have to move swiftly on additional spending reductions.
Oro Valley's recent decision to yield its status as Arizona's subsidy capital didn't come a moment too soon. The first report for two sales-tax rebate subsidies awarded for Oracle Crossings Center and Steam Pump Village are in, and the results are predictable.
Grover Norquist is the president of Americans for Tax Reform and a leading anti-tax activist. Ralph Nader is a consumer advocate and a confirmed lefty. The two don't agree on much, but they are joining forces in support of a cause quickly gaining traction around the country: transparency, the notion that citizens are entitled to know how government spends their money.
With a $600 million general fund shortfall - almost 6 percent of the general fund budget - some Arizonans might be tempted with a tax increase. After all, the state recently enjoyed a tax cut. Arizona is a low-tax state, right?
Not exactly. It is true that Arizona's state and local tax burden is below the national average, ranking 31st highest among the states this year according to the Tax Foundation. Still, Arizona's governments take 10.3 percent of Arizonans' income.
Contact: Lucy Caldwell, (602) 633-8986
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Phoenix, AZ—Every Arizona household’s debt is getting bigger—but most people don’t even know they owe. In Arizona, every man, woman and child owes state and local governments more than $7,500 for bills ranging from sports stadiums to parking garages.
When government revenues drop during economic downturns, there are only three choices government officials have at the state and local levels. They cannot print money so they are left with reducing spending, raising taxes, or borrowing. Raising taxes is the worst option, with borrowing a close second.
With all of the scrambling at the Capitol to finalize a budget before the clock ran out on the fiscal year last night, one particularly good idea bubbled up out of the morass--converting Arizona's income tax from a graduated system to a 2.8 percent flat tax by 2012.
The best possible tax code for Arizona is one that is neutral, broad based, transparent, and with rates that are as low as possible. Last year, the Speaker of the Arizona House Kirk Adams and Representative Rick Murphy led an effort to move in that direction by eliminating tax exemptions, exclusions, and credits in exchange for lower rates across-the-board. Under these principles, there would be fewer disruptions in the private economy, less corporate welfare, and a broader tax base.
Tax Freedom Day for Arizona this year was Easter Sunday. According to the Tax Foundation, that’s the day by which Arizonans have earned enough money to pay their total 2010 tax burden. After 94 days or 26 percent of the year has passed, the average Arizonan finally gets to work for himself! Well, sort of.