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>

Contact: Rob Kramer, (602) 633-8961

Just in time for Global Entrepreneurship Week, a new report shows that states with a larger share of entrepreneurs do a better job at reducing poverty than states with fewer entrepreneurs.

The tax debate in states over the past few decades has been largely centered on how high or low taxes should be. This is an important concern; but recently the conversation seems to have shifted to a debate about fundamental tax reform that alters radically how a state collects revenue.

The supporters of making the temporary 1-cent sales tax increase permanent – which is what the passage of Proposition 204 would do – claim that what they are proposing isn’t a tax hike, it’s simply an extension of an existing tax.

At 6.97 percent, Arizona has one of the highest corporate income tax rates in the West. Despite this fact Arizona's economy keeps motoring along.  Unemployment remains low and average earnings continue to rise, now just over $40,000. But like any NASCAR champion will tell you, if you want to stay ahead of the pack, you have to improve every year.

Hard working entrepreneurs are responsible for the state's growing prosperity. The best thing Arizona policymakers can to do to help them keep on keeping on is lower corporate income taxes.

Contact: Rob Kramer, (602) 633-8961

While the economy is slowly recovering around the country, unemployment in Arizona is still higher than the national average at 8.3 percent. But some states, like Texas, have recovered every job lost during the recession and then some.

A new report released today, “Lessons from Texas on Building an Economically Healthier Arizona,” examines the secret to Texas’ economic success and explains what ideas Arizona could borrow from the Lone Star State to boost job growth.

Most people can think of a time when they have been having a conversation or visiting a new place and suddenly felt like they’ve been there before, doing exactly the same thing. This feeling of “déjà vu” is common: Nearly 2 out of every 3 people experience déjà vu at some point in their life. Déjà vu happens most frequently among people between 15 and 25 years of age.

Politicians love to use catchy slogans to sell their proposals. Governor Napolitano’s latest is “public-private partnerships.” Unfortunately, good slogans often make for poor policy.

During the State of the State address, the governor proposed a $25 million “public-private partnership” called Innovation Arizona. The aim is to attract top researchers to Arizona through state funding and aid product development in specific industries by providing matching funds.

As is so often the case, Winston Churchill put it best when he said, For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

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