CORPORATE WELFARE
A Complicated History, an Uncertain Future: The Arizona Commerce Authority, Part I
A contentious fight is brewing in the Arizona legislature, the possible reauthorization of the Arizona Commerce Authority
SB1562 Redistributes Money From Taxpayers to the Pockets of Large Corporations
Any tax system that excludes some businesses from paying while making everyone else pick up the tab is dubious tax policy.
SB1643 Would Give Large Companies Billions in Taxpayer Dollars to Fund Liberal Causes
As we move into budget season at the legislature, it is becoming more likely that this corporate welfare R&D package will be rammed into the budget.
Arizona Lawmakers Want to Send Your Hard-Earned Tax Dollars to Woke Hollywood
SB1708, sponsored by Senator David Gowan, provides a tax credit for a percentage of movie production costs. And the worst part is—it’s refundable.
HB 2409 Would Exempt Wealthy Investors from Paying Income and Capital Gains Tax
As usual, bad ideas at the legislature just don’t seem to die. Lawmakers are considering legislation to expand the “Angel Investment” Tax Credit Program, a scheme that would dole out millions to wealthy investors to subsidize their risky venture capital investments in...
Swampy D.C Program Rampant With Fraud, Being Pushed in Arizona.
Every legislative session, lawmakers are duped by rosy tax credit programs, sold as either robust jobs programs or silver bullets to our social woes. This year HB2732, sponsored by Representative Ben Weninger, is being sold as both. The Low-Income Housing Tax...
New Study Shows Low Income Housing Tax Credit Program Fails at Delivering Affordable Housing in Arizona
Today the Arizona Free Enterprise Club released a new study evaluating the cost of Low-Income Housing Tax Credits (LIHTC) in Arizona and Washington and how LIHTC have performed compared to other government backed housing affordability programs. The review determined...
AG Brnovich Tackling Corporate Welfare at ASU
For months now, the AZ Attorney General Mark Brnovich and the Arizona Board of Regents (ABOR, the governing body for Arizona State University) have been in embroiled in a hot legal battle over taxpayer subsidies for wealthy developers. At the center of the legal...
New Mexico’s Film Tax Subsidy Program Continues to Take on Water
Lawmakers in New Mexico are in a self-imposed quandary. They’ve adopted a lucrative tax credit program for the film industry they simply can’t afford yet can’t walk away from. The Enchantment State dolls out 25-30 percent rebates for production related expenses up to...
Affordable Housing Tax Credits are a Poor Program to Help the Poor
Every legislative session, lawmakers are duped by rosy tax credit programs, sold as either robust jobs programs or silver bullets to our social woes. This year HB2365, sponsored by Representative Ben Toma, is being sold as both. The Low-Income Housing Tax Credit...