The Arizona Chamber released their budget recommendations today and announced their support for Governor Brewer's 5 Point Plan. This counts as another big win for Brewer as discussions continue on how the state is going to get out of this mess.
The ending paragraph sums it up pretty well and echo's what I've heard out there about the tax increase, which happens to be one of the five things being discussed.
If a tax increase is ultimately part of the budget solution, it must be short‐term in nature and coupled with a
comprehensive tax reform package that would aid in job retention and creation
as well as capital formation over a longer time horizon, as described in point #4. Under this scenario, the long‐range result has to be a more equitable and balanced tax system.
Dynamic econometric modeling should beused to determine the impact of the tax policy changes on
job creation and retention andaccess to capital. The overall package should result in a net decrease in taxes and a
net increase in job creation over the long‐term.