Small-business owners are casting a wary eye toward a possible November ballot initiative
PHOENIX, July 2, 2020—Today is the deadline for supporters of a November ballot initiative seeking to increase state income taxes to submit signatures to the Secretary of State.
“The backers of this initiative should look into a course on remedial math,” said Chad Heinrich, Arizona state director for NFIB, the nation’s leading small-business association. “On a day when the unemployment rate is still tracking in double digests, this initiative aims to increase taxes on the small business owners whose livelihoods are on the line trying to lead Arizona to economic recovery. On days like today, most Arizonans are focused on their health and their jobs, not increasing taxes on small businesses.”
This is the second attempt by Invest in Education Act supporters, led mainly by the #INVESTinED group. The Arizona State Supreme Court ruled that the petitions from their last try “did not accurately represent the increased tax burden” the initiative was seeking to impose.
“Education is the number one funded priority in Arizona,” said Heinrich. “Education commands the healthiest slice of the state’s general fund and the largest slice of every property tax bill. The backers of this income tax increase are asking Arizonans to believe that this tax will be paid by someone else, the 1%, or the wealthy, when, in fact, the largest tax burden will be paid by small business owners who represent half of the Arizona economy. Is now the time to raid the pocketbooks of the job creators in Arizona?”
Keep up with the latest on Arizona small-business at www.nfib.com/arizona or by following NFIB on Twitter @NFIB_AZ
For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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