Tax Reform

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.

<p>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. </p>

EXECUTIVE SUMMARY

With the Arizona Legislature considering nearly 1,500 bills, memorials, and resolutions each session, it is difficult to know whether legislators individually, or as a whole, are acting within the parameters of the Arizona Constitution. Like the U.S. Constitution, the Arizona Constitution delineates the purpose and scope of  government and enumerates the rights of the people. The primacy of individual rights and its corollary, a government of limited and defined powers, is established in the opening declaration:

In response to profligate government spending in Arizona-spending that has plunged the state into deficit-advocates of fiscal restraint have called for a Taxpayer's Bill of Rights (TABOR). This amendment to the Arizona Constitution, which would be enacted by initiative or referendum, would keep the growth of government spending in proportion to increases in inflation and population.

The Arizona Constitution declares that "governments . . . are established to protect and maintain individual rights." As the lawmaking branch of government, the legislature has the potential to be the greatest guardian or the greatest offender of those constitutionally enshrined rights.

Sen. Barry Goldwater best articulated his legislative mission when he said, "if I should be attacked for neglecting my constituents 'interests,' I shall reply that I was informed their main interest is liberty"

All too often, liberty and its attendant prosperity are jeopardized as government takes wealth and opportunities from individuals to privilege special interests and favored groups. As the segment of government explicitly charged with lawmaking authority, the legislature is frequently the greatest offender.

Executive Summary

Arizona's Forty-Sixth Legislature, First Regular Session

Senator Barry Goldwater best articulated his legislative mission when he said, "If I should be attacked for neglecting my constituents 'interests,' I shall reply that I was informed that their main interest is liberty."

Executive Summary

Corporate tax burdens in Arizona are among the heaviest in the nation. Arizona's in-state tax burden and its total effective corporate income tax rate are the highest in the immediate region. The state's property tax burden on businesses is the sixth highest in the nation for certain classes of commercial property. Arizona's heavy corporate taxation is detrimental to capital formation and business growth, and discourages out-of-state entrepreneurs from setting up shop in the state.

Phoenix--With Arizona's state coffers empty and jobs being shed every day, now is the time to talk about tax reform and job creation.

A new Goldwater Institute report by renowned economists Dr. Art Laffer, Donna Arduin, and Wayne Winegarden, Ph.D., and published in conjunction with the Arizona Free Enterprise Club argues the best way to attract tomorrow's growth industries is through policies that make Arizona an easy and profitable place to do business.

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