Fri, Jan 14, 2022 4:07 PM
By JONATHAN J. COOPER, Associated Press
PHOENIX (AP) — Arizona Gov. Doug Ducey is proposing a tax credit for the working poor. The proposal released Friday marks the first time in his eight years of pushing tax cuts that Ducey has pitched a benefit targeted at the lowest-income taxpayers. It's part of a $14.2 billion proposed spending plan for the state fiscal year that begins July 1. The budget proposal also includes a $58 million in unspecified corporate tax cuts. Ducey projects the state will start the fiscal year with $2 billion in the bank.