If redistribution of wealth is wrong, they don’t wanna be right.

10 Feb 2010 11:07 pm
Posted by: Donna

When the wealth is being distributed up, that is.

Thank you times infinity to Craig from Random Musings for slogging through the mechanics of legislation so I don’t have to.

The House accepted, on a mostly party line vote*, an amendment from Frank Antenori to the Special Session’s SB1002. The amendment was a conditional enactment clause that would hold the provisions of SB1002 in abeyance until regular session HB2250 is enacted. HB2250 is a series of corporate tax cuts including a property tax cut that would be backfilled by an increase to residential property tax rates and an income tax cut that has no guarantee that the corporate savings will be used to hire new employees.

Senate President Bob Burns has stated that he won’t take up the tax cut bill before the lege passes a balance budget and has at least started the sine die process** for the sixth special session in the Senate, but if the House doesn’t sine die the sixth special session by Tuesday, the bill approving the sales tax hike referral won’t become effective until after the deadline for a special election in May. In other words, they get their sh!t together by Tuesday or the special election is off.

I’m not sure if that is a bad thing – I won’t be voting for the sales tax increase if it is only going to be used to backfill the Rs corporate tax cuts.

The wingnuttier of the Republican legislators (okay, that’s pretty much all of them) are demanding the corporate tax cuts to give them cover to vote for the sales tax referendum. Which is scary because it’s either a sign that they really believe that more tax cuts to corporations will magically turn around the deplorable employment situation here, or it’s a sign that they don’t care if they do or not. Either way, Arizona’s taxation gets even more regressive than it already is.

Even the part of the plan that seems halfway decent – tax credits to companies that create jobs that pay more than the median average – suffers from the unfounded assumption that taxes collected on those wages will more than offset the amount spent on the credits. An analysis of the impact of the plan has yet to be done, but if history is our guide, I have a nagging suspicion the benefits of these incentives will be nebulous, at best.

Yep, being the 7th most regressively taxed state just wasn’t good enough.

13 Comments

  1. Comment by Timmys Cat on February 11, 2010 9:12 am

    Even with true R&D, there is no assurance that the credited activity would not have been made in the absence of the credit. Similar issues arise with regard to job creation and investment credits.

    C’mon, it’s well known the state “leaders” can’t function without the marching orders of their corporate overlords. Mine has told me stories of not only state but local level politicians.
    “Sure we’re broke and shedding jobs, but XYZ needs a break for…..”

    Oh, and the old BS-
    “But we are creating jobs!”
    I dare them to work that job for 6 months.

  2. Comment by Alan Scott on February 11, 2010 5:10 pm

    I’m glad all of you left wingers live where you do. Please never come east, we already have too many ignorant. Your State is in competition with other States to attract businesses, corporate or otherwise. Taxes are a major factor in attracting and retaining businesses. Just ask the businesses, who are fleeing California and taking their jobs with them.

  3. Comment by Donna on February 11, 2010 5:41 pm

    Alan, they are also fleeing our country in search of cheaper labor and more lenient regulations in the Third World. Which I’m sure doesn’t bother you a bit, patriot that you are.

    Oh, and do tell us here in AZ how well those tax cuts in businesses have worked out. We’ve been lavishing them on corporations for years and are now 50th in the nation in job creation.

  4. Comment by Timmys Cat on February 12, 2010 8:19 am

    Please never come east, we already have too many ignorant.

    The comedy writes itself.

  5. Comment by Alan Scott on February 12, 2010 5:17 pm

    Donna,

    ” Alan, they are also fleeing our country in search of cheaper labor and more lenient regulations in the Third World. Which I’m sure doesn’t bother you a bit, patriot that you are. ”

    I concede your points, but let me make a few more of my own. Your buddies, the environmental idiots are not interested in industry. They want to shut all heavy industry down.

    I worked in a smoke stack industry for years, I know what I am talking about. Those industries produce well paying jobs. With today’s technology they can also be clean, but your buddies don’t care about that. They want to slap Carbon taxes on everything.

    I could talk about the coal industry, but instead I’ll bring up nickel mining. They have been trying for years to open a nickel mine in Minnesota, but can’t get through all of the BS.

    Nickel is a strategic mineral. What we are too stupid to mine, we have to import. Those would be well paying jobs and a lot of tax revenue for the State.

    ” Oh, and do tell us here in AZ how well those tax cuts in businesses have worked out. We’ve been lavishing them on corporations for years and are now 50th in the nation in job creation. ”

    I was researching your unemployment rate. Perhaps your information is better than mine since you are local, but I saw 8.9% for November. That is below the national average and is spectacular compared to a few States I could mention.

  6. Comment by Alan Scott on February 12, 2010 5:25 pm

    Donna,

    Here is a listing by State of unemployment.

    http://www.statehealthfacts.org/comparetable.jsp?ind=23&cat=1

    It might be interesting to see what policies are in effect with in those States. We could then really have at each other.

  7. Comment by Donna on February 12, 2010 5:48 pm

    Well, Alan, why don’t you pack up and move to one of those free enterprise Paradises where they don’t have pesky environmental or wage regulations? I hear the sky in much of China has a lovely gray shroud over it most of the year.

    Dude, no matter how much you cover your eyes and plug your ears and deny, we simply cannot continue burning fossil fuel and using up the world’s resources with impunity.

  8. Comment by Appleblossom on February 12, 2010 6:54 pm

    Why is putting a carbon tax a bad thing on a plant that is refusing to clean up? Seems to be a bit of disconnect there. Yes we can clean it up but most people and companies are lethargic-someone has to prod them into doing something.

  9. Comment by Alan Scott on February 13, 2010 5:50 am

    Donna,

    Everything you own has something that came from some dirty industry. Somewhere in between China and an environmentalist insane US there is a middle ground. Wait, wait, I know how to explain this. You said you were in the Navy.

    By your standards, wouldn’t the Navy have to cease operations ? How much pollution and greenhouse gases do all Naval ships and aircraft emit ?

    Appleblossom,

    ” Why is putting a carbon tax a bad thing on a plant that is refusing to clean up? Seems to be a bit of disconnect there. Yes we can clean it up but most people and companies are lethargic-someone has to prod them into doing something. ”

    Because Carbon dioxide is not a pollutant. Because Carbon taxes do nothing for the environment. Because Carbon taxes will cause mass unemployment. Because Carbon taxes are just another way for the public sector to strangle the private sector.

    Do you work a real job ? Or do you work for the government ? Or do you collect a free check from the rest of us tax payers ?

  10. Comment by Brooke on February 15, 2010 11:45 am

    Alan, Carbon Dioxide is a greenhouse pollutant. It has a direct correlation to global average temperatures. It is not however the ONLY one, water is actually the largest contributor to the greenhouse effect, along with methane and many other chemicals that are in smaller quantities than CO2.
    However more CO2 means a warmer planet, warmer planet means more water evaporates, more water and CO2 means permafrost melts releasing methane (which is almost 30 times worse than CO2). More methane, CO2 and water means even more water evaporates, meaning warmer temperatures. See the cycle here?

  11. Comment by Alan Scott on February 16, 2010 5:52 pm

    Brooke,

    ” See the cycle here? ”

    I am well aware of the theoretical science behind everything thing you mentioned. It is still only a theory. The evidence against the theory is quite extensive.

    By evidence I mean historic. Every day some news comes out about how the temperature data was manipulated to show Al Gore’s stupid hockey stick. I also can show you history of warming cycles going back before modern times.

    You climate change believers should at least try to be consistent. Every odd weather event was proclaimed as caused by global freaking warming. Hurricanes Rita and Katrina as examples. Yet the next few years were calmer and that was ignored.

    Now the eastern US has been hit with record snow storms and you guys merely say weather is not climate, or global warming means more snow. Pretty much what ever happens weatherwise proves global warming,,, right ?

    Anyway, what do you lefties think of Obama coming out for nukes ?

  12. Comment by Appleblossom on February 17, 2010 10:26 am

    Yes Alan and gravity is only a theory. And Evolution and Relativity and a dozen other examples-it does not mean it is wrong because the east coast is experiencing predicted weather severity.

    http://www.sciencedaily.com/releases/2007/12/071204121949.htm

  13. Comment by Eli_Blake on February 17, 2010 5:19 pm

    Alan,

    At least give a better argument than ‘there is snow in Alabama this year’ or some similar tired argument that global warming deniers pull out of their hat. I could just as well claim that global warming is why there isn’t enough snow at the Olympics. But neither is evidence of anything. Even if the temperature warms up globally we will still have winter.

    The evidence of global warming is in verifiable, measurable data. Rising sea levels (and they are rising.) Higher CO2 concentrations in the atmosphere. Arctic sea ice that recedes farther and faster every summer. All of these things are measurable and all have been confirmed,

Comments RSS TrackBack Identifier URI

Leave a comment