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
So much for the alleged breakup between the Republican Party and newly “woke” corporate America. Republicans are still the servile lickspittle lackeys for the corporatocracy, protecting corporation’s low tax rates. Even though corporations have been demanding an infrastructure bill for years, the catch is that these freeloaders want someone else to pay for it, or … Read more
New legislation would put an end to an income tax windfall for millionaires and their descendants. [Cross-posted from Inequality.org] America’s income tax system is based the principle that income derived from both work and wealth is subject to tax. Just as workers pay tax on their wages, wealthy individuals should pay tax on their investment … Read more
I have corrected this Arizona Daily Star headline for accuracy. Ducey talks disdain for Arizona’s new education tax, vows fast fix: A new voter-approved tax on high-earning Arizonans [Prop. 208, Invest In Ed] that will boost education spending is firmly in Gov. Doug Ducey’s crosshairs, with the Republican vowing Friday to see Proposition 208’s new … Read more
A Last-Minute Add to The Stimulus Bill Was Meant to Restrict State Tax Cuts so that states could not steal COVID Relief funds from the recipients Congress deemed deserving of aid and use the federal funds to subsidize tax cuts for the usual suspects, i.e., corporations and the wealthy. A last-minute change in the $1.9 … Read more