Dana Milbank writes at the Washington Post: Speaker McCarthy defaults — on his promises The IOUs Kevin McCarthy gave out to win the speakership are now coming due — and it appears the poor guy is going to default. The California Republican promised right-wing holdouts that he would deliver a budget that balances within 10 … Read more
The New York Times reports, Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help: Republicans are riding a wave of anger over inflation as they seek to recapture the House and the Senate this fall, hammering Democrats on President Biden’s economic policies, which they say have fueled the fastest price gains in 40 … Read more
Update to Western Mega Drought Threatens Arizona Water Supplies. The Associated Press reports Key reservoir on Colorado River hits record low amid drought: The surface elevation of Lake Mead along the Nevada-Arizona border dipped to 1,071.56 feet (326.6 meters) at 11 p.m. on Wednesday evening. The level was last hit in July 2016 and is … Read more
Oh God, she’s baaack! In 2011, then Governor Jan Brewer signed off on then House Speaker Kirk Adams’ four year phased-in corporate welfare tax giveaway plan, while state revenues were still devastated from the Great Recession (2007-2009). Jan Brewer had initially opposed his plan in 2010 causing “Captain Kool-Aid,” Kirk Adams, a true believer in … Read more
There has been vague media reporting since the Arizona legislature has been in session that there is an effort to rewrite Arizona’s tax code into a “flat tax” as part of this year’s state budget process. For those of you who were not born yesterday, you know that the state budget negotiated between the governor … Read more