Arizona Center for Economic Progress: With Further Analysis Completed, It’s Time to Call the GOP Tax Plan What it Is: Welfare for the Wealthy
ITEP Work in ActionA 50-state analysis of the House tax plan released last week reveals that in Arizona the wealthiest 1% of Arizonans will receive the greatest share of the total tax cut in year one and their share would grow through 2027. And during that 10-year window, the value of the tax cut gets smaller and smaller for every income group except for one: the very richest Arizonans (see Tables 1 and 2 at end of this release).