Wednesday, April 21, 2010
Gov. Jan Brewer appears opposed to the reckless tax-cut plan developed by House Republicans. Howie has the details:
Gov. Jan Brewer wants no income tax cuts for corporations.
Brewer, crafting her own version of an economic stimulus plan, also rejected provisions in a House-passed proposal that would allow some multistate corporations to escape paying any income taxes at all in Arizona. She also is opposed to repealing the state property tax.
And the governor does not want to alter how businesses are assessed for tax purposes for voter-approved bonds and school overrides.
The bottom line is that Brewer's counterproposal to the House plan, when fully implemented, would reduce total business taxes in the state by less than $50 million a year. That compares with tax cuts of $950 million in the original House version of HB 2250 and close to $650 million in a modified plan proffered by House Speaker Kirk Adams, R-Mesa, as a compromise.
Between this step and her push for a sales-tax increase, Brewer may rate as one of the most responsible Republicans in state government. She at least appears to be living somewhere besides the magical conservative bubble where all you have to do is cut taxes and everything works out just fine.