Republican legislators defended family tax rebates Monday as beneficial to Arizonans on the heels of new projections that Arizona is expecting a $400 million state budget shortfall.
The Finance Advisory Committee report released last week indicated the projected shortfall is due in part to a drop in individual income tax collections. In a news release, Arizona House Democrats pointed to “an irresponsible permanent $2 billion income tax cut primarily benefitting wealthier Arizonans.” Arizona’s 2.5% flat tax was approved by Republican lawmakers in 2021, and the following September, former Gov.
In late 2022, Phoenix led the nation in inflation – with consumer prices up 13% in Phoenix, according to data from the Bureau of Labor Statistics. “When you are raising five daughters, they’re really hungry. That is a lot we have to pay for, and the fact that we have had so much inflation hasn’t helped out. Then we have to buy their clothing, school supplies, even health care – everything’s been going up so much, including gas,” Peña said.
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