By Chamber Business News
Leaders from chambers of commerce across Arizona came together Monday night in a “tele-townhall” conducted via video conference to hear from the campaign to defeat Proposition 208 and from renowned Arizona economist Elliott Pollack.
Pollack, who has served as co-editor of the Arizona and Greater Phoenix Blue Chip economic forecasts published by Arizona State University’s Economic Outlook Center, told the audience that the tax initiative to raise the state’s top income tax rate by 77.7% would have grave consequences for the state’s future.
“For the first time in the 50 years I’ve been a practicing economist in Arizona, it would do something that would hurt economic development in the short- and long-run,” Pollack said. “This is a disaster waiting to happen.”