Tuesday, February 01, 2011

House Democrats propose bills for a strong economic future

STATE CAPITOL, PHOENIX – House Democrats will introduce bills this week that take a balanced and responsible approach to help solve Arizona’s economic crisis and build a strong future.

“We need to put Arizona first again by harnessing our natural strengths to build a strong 21st Century economy and create good-paying jobs,” said House Minority Leader Chad Campbell. “We have to hold government accountable and be honest about where our tax dollars go. We the people should have a right to know how our money is spent so that we can have a better quality of life.”

Some of House Democrats’ bills for an economic strong future include:
  • Business Fairness and Jobs Creation Act, (Sponsor: Campbell): eliminates all corporate income tax credits for special interests and lowers the overall corporate income tax rate for businesses. This bill levels the playing field for Arizona businesses, allowing them to focus on following the market instead of a goal government sets for them.HB 2564: Sales Tax Pipes and Valves (Repeals the 4-inch Pipe Sales Tax Loophole), (Sponsor: Farley): eliminates the tax loophole for pipes or valves that are 4 inches in diameter or larger used to transport oil, natural gas, artificial gas, water or coal slurry. Would bring in $18 million.
  • Repeal of Country Club Membership Sales Tax Loophole, (Sponsor: Gallego): closes tax loophole for country club memberships that exceed more than 30 days and include annual dues. Country club memberships currently go tax free. Would bring in millions of dollars.
  • Repeal of Accounting Tax Credit Loophole, (Sponsor: Hobbs): Ends a tax credit of up to $10,000 each that big corporations and special interests receive just to do their taxes while middle-class families have to pay taxes on clothes and school supplies. Would bring in $20 million.
  • HB 2257: Clean Energy Savings, (Sponsor: Ableser): All state agencies, universities and schools must transfer at least 10 percent of their energy use to clean sources that follow LEED standards. Creates jobs in the short term and saves money in the long term.
  • HB 2383: Borrowers’ Bill of Rights, (Sponsor: McCune Davis): Requires all mortgage servicers to engage in loss mitigation techniques in an effort to avoid unscrupulous servicing practices and to ensure the rights of homeowners under the AZ Consumer Fraud Act. Allows for better loan practices, resulting in fewer foreclosures.
  • Fund State Parks and Jobs, (Sponsor: Campbell): Funds state parks through an annual fee for Arizona drivers that can be used for capital projects and hiring personnel. This bill will create new jobs in rural economies by attracting business and tourism to rural areas.
“These are just a few of the many common-sense Democratic bills that take a balanced approach to our state’s economy,” said Rep. Ruben Gallego, D-Phoenix (District 16), who is the sponsor of closing the Country Club Membership Tax Loophole bill. “It’s time for transparency and accountability in government. We need a government that is on our side, one without outrageous tax loopholes.”

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