Lawmakers and the governor seem to be closing in on a deal on the new state budget. Who wins and who’s getting cut?
Incentives to draw businesses to Arizona
Last week Gov. Jan Brewer signed HB2815 into law. The bill includes incentives to draw businesses into Arizona in an attempt to boost the economy. Michael Hunter, special advisor on tax policy and reform, and Dennis Hoffman, economist at the W.P. Carey School of Business at ASU, discuss tax policy in Arizona.
Hunter says the bill is necessary. Arizona is behind most other states when it comes to business incentives and needs to work slowly to draw in businesses without putting too much of the tax burden on citizens.
Hoffman says it’s important to hold businesses accountable to paying fair salaries so their tax breaks are beneficial and don’t just drain public resources.