Wednesday, February 24, 2021 12:47 pm

Ducey calls for $600 million in permanent income tax cuts

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By Jeremy Duda | Ariona Mirror

More than six years after he was first elected governor on a platform of getting Arizona’s income tax rates “as close to zero as possible,” Gov. Doug Ducey is looking to follow through on one of the core promises of his 2014 campaign.

It’s unclear exactly how close to zero Arizona’s income tax rates will go. Nor is it clear exactly what his tax cuts will look like and whom they will affect. Much may depend on negotiations with the legislature.

But what is clear is that Ducey will push to make substantive cuts to Arizona’s income tax rates, and that he wants those cuts to be broad-based so they will affect as many Arizonans as possible. 

The tax cut is part of the governor’s $12.6 billion budget plan for the upcoming fiscal year, which his administration unveiled on Friday. Ducey is earmarking $200 million in his budget proposal for the fiscal year 2022 for tax cuts. That total will rise to $400 million in 2023 and $600 million in 2024. Going forward, that $600 million cut would be permanent

More than six years after he was first elected governor on a platform of getting Arizona’s income tax rates “as close to zero as possible,” Gov. Doug Ducey is looking to follow through on one of the core promises of his 2014 campaign.

It’s unclear exactly how close to zero Arizona’s income tax rates will go. Nor is it clear exactly what his tax cuts will look like and whom they will affect. Much may depend on negotiations with the legislature.

But what is clear is that Ducey will push to make substantive cuts to Arizona’s income tax rates, and that he wants those cuts to be broad-based so they will affect as many Arizonans as possible. 

The tax cut is part of the governor’s $12.6 billion budget plan for the upcoming fiscal year, which his administration unveiled on Friday. Ducey is earmarking $200 million in his budget proposal for the fiscal year 2022 for tax cuts. That total will rise to $400 million in 2023 and $600 million in 2024. Going forward, that $600 million cut would be permanent.

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