Thursday, May 03, 2012

Tea Party lawmakers pass tax credit bill that siphons millions from state’s general fund

STATE CAPITOL, PHOENIX – House Democrats fervently opposed a bill that will give tax credits to the wealthy while vital programs go unfunded.

HB 2815 does little more than siphon money out of the state’s general fund. Over the next six years, Tea Party legislators are taking almost $440 million from the state. More than $310 million of that comes from tax breaks for the rich.

“It’s irresponsible for Tea Party lawmakers to hand out tax cuts to the rich while working families can’t get health care coverage for their children. Republicans refused to invest $7 million dollars in KidsCare so thousands of Arizona children will go without health care coverage. It doesn’t make sense," House Minority Leader Chad Campbell, D-Phoenix (District 14), said.

Assistant House Minority Leader Steve Farley, D-Tucson (District 28), said instead of handing out tax cuts to the wealthy, Republicans should be focused on what matters most to Arizonans – creating jobs and improving education.

“Passing yet another round of tax credits while Arizona is still struggling to create jobs proves the Tea Party legislature’s priorities are misplaced,” Farley said. “We should be creating jobs and funding education, not creating more loopholes that don’t help Arizona middle-class families.”

HB 2815 passed the House by a vote of 39-16 and now goes to the governor.

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