The following is an opinion piece that appeared in the Arizona Capitol Times. The next few weeks will include much debate about President Trump’s economic plans with a primary focus on tax cuts. The typical question will be: “So, is this good?” The typical answer by policymakers and economists will be either “yes” or “no.” That’s it. Interview over. This doesn’t come close to the bare minimum discussion that is required. Here is my offering of where to start the debate.
Info RCGProperly Analyzing Tax Policy – Where to Start the Debate
Politics has become very binary (all 1s and 0s). A person is expected to be for something or against. A policy issue is expected to either help the country or cause harm. In reality, many issues are complex and the answer is somewhere in the middle. This is true with the President’s economic plans.
Info RCGEconomic Reform – Fixing Problems or Borrowing from the Future?
Working closely with economic developers and organizations, the “toolbox of incentives” is brought up regularly. Most recently, the GPLET incentive (where a city can reduce property taxes on an individual development) has produced many conversations and hours on the phone. The issues concerning this need to be fixed.
Info RCGDo We Need More Economic Development Tools in AZ?
There is significant disagreement on tax policy changes and how they affect the economy. The “Left” is spending a lot of time complaining about past actions while the “Right” is arguing that more is always good.
Info RCGCurbside Economics in Arizona – a.k.a. Ice Cream, Pie, and Egos
If you’re like me you’re wondering what will happen in 2017 in terms of local politics and economics. It’s best guess stuff at the moment. But, best guess is that Arizona will outperform the U.S. as long as we continue to make economic progress a priority.
Info RCGPlanning and Economic Opportunities in Arizona
Policymakers are often under pressure to spend what is coming in the door. This is true even for the thoughtful ones. It happens at the state, county, and city levels. I have seen a lot of budgets developed over the years, and there is always something “critical” to fund. Here are some things to think about as we move into 2017.
Info RCGWill AZ Policymakers Feel Pressure to Ramp Up Spending Next Year?
I was greeted by just shy of two dozen email and texts this morning asking about Trump’s victory and how it will impact the stock market and the economy. Here are my initial thoughts. A deeper dive into the individual issues will come in later posts.