The AZGOP Will Seek to Squeeze the Tax Ratchet on State Corporate Income Taxes AGAIN This Session

by

Arizona House Representative and Chairman of the Appropriations Committee has made it clear one of his priorities will be to further permanently reduce the Arizona corporate tax rate over the next several years from the current rate of 4.9% down to 2.5% over the coming four years with HB2003.

If case anyone doesn’t know, we have made the HUGE mistake here in Arizona requiring only a majority vote for tax cuts, but a super-majority of 2/3rds for any tax increase. The result is a one-way ratchet: cutting taxes is easy, but raising additional revenues, or reversing an unwise cut, is practically impossible.

The AZGOP has already reduced corporate taxes in Arizona from about 10% of our budget to about 7% over the past few years with a similar step-wise rate reduction from just under 7% to just under 5%.

The proposed change would further the worst trends in Arizona’s already deeply regressive tax burden and further benefit the wealthiest at the expense of the rest of us, and the state’s ability to provide vital services to our citizens.

Corporations don’t need it – and it only furthers the AZGOP’s drive to cripple out state by permanently starving it of revenue. Already over 70% of Arizona corporation pay only the $50.00 minimum tax.

If you think, as I do, that this constant ratcheting down of our tax base is morally and finscally wrong, there are things you can do. Vote Democratic all the way down the ballot, and encourage friends and family to do the same. Get involved in our state’s legislative prcess through organizations like CEBV.org, and lobby your own state representatives to oppose this tax ratcheting, especially if you live in a district represented by Republicans.

10 thoughts on “The AZGOP Will Seek to Squeeze the Tax Ratchet on State Corporate Income Taxes AGAIN This Session”

  1. I like be consistency of the people who comment on this blog. No comments on my post.

    • John, you made a complaint about the coverage and you were mocked.

      Mocking you was the comment on your post.

      “No one comments on my post, boo hoo!”

      And here you are, still the victim, but mostly the victim of your own inability to comprehend words.

      But you do you, go ahead, demand more comments on your post!

      Hey everyone, look at John! LOL.

      There is no rule that says anyone needs to respond to your little cries for attention.

      I only make it a point to respond because I see your potential!

      Potential for raising money for RaicesTexas and the ACLU!

      Donate in Honor of Arizona’s Own Lame-ass Blog Troll John “Government Checks” Kavanagh, because either or both do good work, and Trollish Beta Boy clearly craves the attention.

      Hooray!

  2. I don’t think there is much chance that the Republican-controlled Legislature can override a veto from Governor Hobbs, especially on any tax cuts. According to Ballotpedia between 2010 and 2020 there were a total of 182 vetoes and 0 overrides. With 2/3 votes needed for an override, Republicans tax cuts are off the table.

  3. Luckily we have JK proposing to save all Arizona from one of the greatest threats to our State. Not water loss, not coup plotters, not the lack of resoures for our public schools. Not even the horrors of cake decorators. No, its drag shows. How the woke crowd is forcing every school child to attend drag shows. This must e stopped! Poor JK.

  4. It is funny how many of the things dismissed by JK through the years, ended up with Ducey’s signature on them. Thankfully Hobbs is now a barrier to insanity. There were no income tax barriers to any businesses that I know of, to moving to Arizona or staying here. The flat tax adoption was criminal. And thanks JK for helping to shift all those commercial property taxes onto residential property owners. Also totally criminal.

  5. The Public is not informed on this information. It should be made available to all, especially Republicans who vote with the ring in their nose and not a kernel of knowledge in their brains

  6. I don’t think there is much chance that the Republican-controlled Legislature can override a veto from Governor Hobbs, especially on any tax cuts. According to Ballotpedia between 2010 and 2020 there were a total of 182 vetoes and 0 overrides. With 2/3 votes needed for an override, Republicans tax cuts are off the table. Sorry John

  7. So a sole Republican member introduces a bill with no co-sponsors to cut the corporate income tax and the published Senate Republican Plan does not contain such a cut and the House Republican plan is not out yet but you headline your post that Arizona Republicans plan to do this. Great journalism.

    • While John “Government Checks” Kavanagh plays the conservative’s well worn victim card, let’s all take a moment to donate to RaicesTexasDotOrg!

      Raices provides free or low cost legal help to immigrants.

      Hooray!

      We can’t help John, victimhood is a chronic condition for conservatives, but we can help refugees find a better life!

      Hooray!

Comments are closed.