Report: Invest In Ed tax hike plan 'would wreak economic harm' on all Arizonans

The Center Square
Tuesday, September 15, 2020
Dan McCaleb |

(The Center Square) – A 77.7 percent income tax increase on Arizona's highest wage earners "would wreak economic harm upon Arizonans of all income levels in every industry in the state," a new analysis of the proposal by the Goldwater Institute finds.

Voters will decide the fate of Proposition 208, also known as Invest in Ed, in November. The proposition would increase the current top income tax rate from 4.5 percent to 8.0 percent. The 3.5 percentage point hike would be assessed on individuals who earn more the $250,000 annually and couples who file jointly who make more than $500,000.

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