GOP tax plan is a handout to Washington insiders, but a disaster to hardworking Arizonans
PHOENIX – Drew Anderson, senior communications advisor for the Arizona Democratic Party, released the following statement after Senate Republican establishment shoved through their version of a tax plan early this morning -- a plan which would help Washington insiders all while exploding the national deficit by $1.4 trillion, ripping away health insurance from families, and making life worse off for more than one million hardworking Arizonans.
“Congresswoman Martha McSally’s tax plan is now one step closer to becoming a law that will hand out deals to Washington insiders while being an utter disaster for Arizonans. McSally supports a plan that raises taxes and rips health insurance away from hardworking Arizonans – all while exploding the national deficit. With the future of our state and our children at stake, Martha McSally is perpetuating the partisan discord that has Arizonans fed up with Washington.”
BACKGROUND INFORMATION: How Senate GOP Tax Reform Would Harm Arizonans
Center for American Progress: More than one million Arizonans would see a tax increase under GOP tax plan.
Center for American Progress [November 27, 2017]
CNN: CBO: Senate tax plan would increase deficit by $1.4T over 10 years
Washington Post: More than 13 million Americans, including many Arizonans, would lose health insurance under the GOP tax plan.
“The Senate Republican tax bill eliminates the requirement that almost all Americans purchase health insurance or else pay a penalty. The CBO has calculated that health insurance premiums would rise if this bill becomes law, leading 4 million Americans to lose health insurance by 2019 and 13 million to lose insurance by 2027.
Many of the people who are likely to drop health insurance have low or moderate incomes. […] “The CBO also calculates what would happen to Medicaid, Medicare and the Basic Health Program if the Senate GOP plan became law. The CBO is showing even worse impacts on poor families than the JCT did.”
BACKGROUND INFORMATION: Middle-Class Arizonans Already Falling Behind Rest of U.S.
Bureau of Economic Analysis: In 2016, Arizona had a per capita personal income (PCPI) of $40,415. This PCPI ranked 42nd in the United States. “In 2016, Arizona had a per capita personal income (PCPI) of $40,415. This PCPI ranked 42nd in the United States and was 82 percent of the national average, $49,246. The 2016 PCPI reflected an increase of 2.0 percent from 2015. The 2015-2016 national change was 1.6 percent. In 2006, the PCPI of Arizona was $34,705 and ranked 28th in the United States. The 2006-2016 compound annual growth rate of PCPI was 1.5 percent. The compound annual growth rate for the nation was 2.6 percent.”
CNBC: Ranked at 31, “Quality of Life” for Arizonans is at the bottom half of the nation.