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.
A commission appointed by Gov. Janet Napolitano is looking at tax reforms and exemptions are fast becoming the most intense point of contention between businesses and their adversaries at the State Capitol.
The Citizens Finance Review Commission is scheduled to present its recommendations to the governor in October and is receiving strong pressure to eliminate various business tax exemptions and credits. Arizona's tax code offers credits and exemptions to dozens of business activities and transactions.
One of Arizona's most prominent conservative Republicans told her colleagues Friday it's time to consider new taxes to end the state budget crisis and avoid a political trouncing by Democratic Gov. Janet Napolitano.
Gov.-elect Napolitano wisely is appointing a commission to study the state's budget crisis. Gov.-elect Janet Napolitano is wisely appointing a commission to identify budget waste and make recommendations for budget cuts during this economic crisis.
Such a commission, if bipartisan and knowledgeable about the ways of government, can do much to guide the Legislature through the taxes and spending quagmire of the next legislative session.
It won't be easy. Most estimates put the budget shortfall for the next fiscal year at about $1 billion.
By Charles Goyette
Speaking of the legislature: You can call me suspicious, you can even call me unduly suspicious, but you can't call me asleep at the switch. The Goldwater Institute, that does so much good work here in the state, has put together a forum on tax and spending limitations.
There's plenty of talk in the national media about state and local governments dreaming up long Christmas lists to try and make a grab for their share of federal stimulus spending.
Increasing the federal gas tax to shore up the nation's bridges will not make American drivers safer. But better planning and prioritization of existing transportation funds could. The Transportation Dept. spends about $60 billion per year, and the federal Highway Trust Fund takes in about $40 billion from current gas taxes. There is plenty of money in this $100 billion pot to fund bridge maintenance.
The current national debate proves one thing: Policymakers know how to spend our money, but they have no idea how to invest it.
The good news is you have until midnight Tuesday to file your tax return. The bad news is that you probably spent an inordinate amount of time and money preparing it. But if you believe nothing can be done about this, you may be wrong.
An ideal system of taxation would be simple and transparent. Reasonably conscientious payers could comply with assurance that they had paid the correct amount. The tax itself would inflict minimal economic damage. Tax avoidance would have little impact on business and personal decisions.
Democrats are flexing their muscles. On the fiscal front, they promise to fulfill their mandate for change by prudent fiscal management and looking out for the middle class. They never provided much detail to war-weary voters during the campaign. But now its time to get down to business and make good on their promises.
After years in the red, the Arizona Legislature finds itself with a near-$1 billion revenue surplus. Will the good times continue to roll?
The capital gains tax rate cut, Arizona's robust construction industry and the strong real estate market all contributed to the surplus.
The continuation of good economic times depends in large part on Washington making the capital gains tax rate cuts permanent and our state economy remaining healthy. Arizona policymakers can help do their part by cutting tax rates in 2006.
In a recent article, a Republic business columnist argued that opponents of the Phoenix Civic Plaza expansion and university lab funding lacked the vision of Arizona political giants like Carl Hayden and John Rhodes, writing that "If we'd have listened to the naysayers, California would happily have taken our water."