Tuesday, April 6, 2010
The House GOP tax-cut plan that overwhelmingly benefit the wealthiest Arizonans and corporations while increasing taxes on homeowners has hit a snag. Howie has the details here.
Senate President Bob Burns speaks a bit of common sense about the idea of the tax cuts:
Senate President Bob Burns, R-Peoria, said he can't support reducing state revenues as much as the original House bill would have when the state is still digging its way out of a multibillion-dollar hole.
"I think the priority we have to worry about is the deficit," he said. "If we do something that will increase the size of the deficit, that's wrong."
Failure to respond to the deficit would drive business away, even as the state tries to lure new firms with lower taxes.
"I don't know who comes here as a business if they look at our financial situation and see that we're X number of dollars in deficit and not closing that gap," he said.