Sean McCarthy of the Arizona Tax Research Association is undoubtedly correct that Proposition 208’s additional teacher compensation is highly unlikely to be channeled into base pay.
K/12 Community College Finance
The Arizona Republic
Friday, October 9, 2020
Arizona Public Media
Monday, October 5, 2020
"There’s no other state in the union that takes the most volatile tax bracket, and says we're going to dedicate this portion of it to K-12." said Sean McCarthy, a senior research analyst for the Arizona Tax Research Association, a watchdog group that advocates for efficient government fiscal policy.
Prescott eNews
Friday, September 25, 2020
“This isn’t complicated. This is basic tax policy 101,” McCarthy said. “Arizona corporations are subject to a 4.9% corporate income tax rate. Small businesses, including S corps, limited liability companies (LLCs), partnerships, and sole proprietorships, are pass-through entities and pay taxes on the individual income tax code. Proposition 208 proposes to raise the top individual income tax rate to 8%, which means some small businesses owners will pay a higher tax rate than large corporations.”
Chamber Business News
Wednesday, September 23, 2020
Research papers from the Goldwater Institute and the Arizona Tax Research Association have zeroed in on the extent to which Arizona small businesses get walloped by Proposition 208’s tax increase.
The Arizona Republic
Tuesday, September 22, 2020
Arizonans have a business decision to make at the ballot this year. Proposition 208 seeks to nearly double the top income tax bracket. The question each voter must ask is, can Arizona afford to become a high-tax state without severe economic consequences?
As leaders in economics and tax policy, we trust that Arizonans believe us when we say there’s no free lunch. You can’t raise the top marginal tax rate 77.7% without a big economic impact.
The Center Square
Tuesday, September 15, 2020
"The impact is potentially devastating to Arizona's economy, causing businesses to invest less, and future migrants to choose other states," Sean McCarthy, senior research analyst at ATRA
Chamber Business News
Sunday, August 16, 2020
A ballot initiative to raise income taxes on certain taxpayers and small businesses is “poorly conceived” and “will not create a sustainable source of funding that is worth the economic malady it will cause” according to a new analysis by a tax watchdog group.
The Center Square
Tuesday, August 11, 2020
“The [Voter Protection Act] not only bars the legislature from repealing initiatives (even mere statutes), but also forbids elected representatives from amending an initiative ‘unless the amending legislation furthers the purposes of such measure,’” the organization said in its message to the court. “This essentially forbids the people from changing their minds through their elected representatives, no matter how old and obsolete an initiative might be, and regardless of the urgency of the state’s need to change course.”
The Political Notebook
Wednesday, March 18, 2020
Sean McCarthy joins the podcast to break down some issues related to Arizona school finance. We talk about the funding formula and school choice, as well as emerging trends like declining district enrollment numbers and the rising cost of the state's retirement system.
Chamber Business News
Wednesday, March 4, 2020
As student numbers decline and some schools fail to consolidate and adapt, taxpayers could be the ones footing the bill, said Sean McCarthy, senior research analyst for ATRA, which advocates for taxpayers at the local and state level.