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Arizona Senate votes to shield business owners from tax hike JONATHAN J. COOPER, Associated Press June 29, 2021 FacebookTwitterEmail PHOENIX (AP) Arizona Senate Republicans voted Tuesday to further shield some of the state s wealthiest taxpayers from a tax increase approved by voters last year to boost education funding. If Republican Gov. Doug Ducey signs off as expected, income from estates, trusts and business profits won t be subject to a voter-approved 3.5% surcharge, reducing school funding by several hundred million dollars per year. The move comes on the heels of last week s massive tax cut that directed most of the benefits to the wealthiest taxpayers. That plan lowered tax rates to 2.5% for most people and 4.5% for income affected by Proposition 208. ....
Arizona GOP budget deal envisions massive income tax cut BOB CHRISTIE, Associated Press FacebookTwitterEmail 3 1of3FILE - In this April 21, 2021, file photo, Arizona Gov. Doug Ducey addresses the media at the U.S-Mexico border in Yuma, Ariz. A budget deal struck between Republican leaders of the Arizona Legislature and Ducey includes implementing a flat 2.5% income tax that cuts $1.5 billion a year from state revenue and keeps higher earning taxpayers from having to directly pay a new 3.5% surcharge to fund schools. (Randy Hoeft/The Yuma Sun via AP, File)Randy Hoeft/APShow MoreShow Less 2of3FILE - In this May 26, 2020, file photo, Arizona Senate President Karen Fann, R-Prescott, speaks to the media in Phoenix. A budget deal struck between Republican leader Fann and Rep. Rusty Bowers, R-Mesa, and Gov. Doug Ducey includes implementing a flat 2.5% income tax that cuts $1.5 billion a year from state revenue and keeps higher earning taxpayers from havin ....
Arizona GOP budget deal envisions massive income tax cut ctpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctpost.com Daily Mail and Mail on Sunday newspapers.
Arizona GOP budget deal envisions massive income tax cut ncadvertiser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ncadvertiser.com Daily Mail and Mail on Sunday newspapers.
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