Wednesday, April 28, 2010

Republicans' corporate bailout package fails

No tax cuts this year for Arizona businesses

Howard Fischer

The East Valley Tribune

Arizona businesses won’t be getting tax breaks this year.

Senate President Bob Burns, R-Peoria, said Tuesday he doesn’t have the necessary backing to put a $950 million House-passed package of tax cuts up for a vote. In fact, Burns said there aren’t even the votes for a $650 million scaled-back plan.

At that point, House Speaker Kirk Adams, R-Mesa, decided to pull the plug on HB 2250, which he called the best hope for the state to create new jobs. Adams said he already had compromised and was unwilling to give up any more.

“He feels like that if he can’t get the entire package (of tax cuts) it won’t be effective,” Burns said of Adams.

“I couldn’t deliver the entire package,” the senate president continued. “So he said, ‘Let’s quit.’”

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