Tuesday, April 6, 2010

More Senate Shenanigans

Under the "leadership" of Bobby Burns, the House passed 'Jobs Bill' is being emasculated in the Senate.

Using static finance projections as a cover, the 'Jobs Bill' will produce no new jobs at a time when the Arizona economy desperately needs it.

The strike-everything amendment would remove a 5 percent individual income tax cut in H2250 as passed by the House.

The state equalization tax that was to be eliminated last year in the budget package that two conservative legislators sunk, will now BEGIN going away in 2014 - maybe.

A two-percentage-point cut to corporate income tax rates beginning in 2011, lowering the corporate income tax rate to 5 percent from about 7 percent by 2014. is now stretched to five years, with smaller reductions during the first two years than during the final three.

Adams needs to oppose this farce. The House actually passed a Jobs Bill, but the only thing remotely resembling a Jobs Bill in this senate mutation will be the name.

We refer you back to an excellent article in the WSJ that should be the blueprint for state lawmakers. "We almost made it that time" will be the mournful song of Arizona taxpayers for decades to come.

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