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Amazon donating $1 million to Trump inaugural fund, to air event on Prime Video; Retired USAF colonel urges White House to stop gaslight NJ residents over mysterious drones; Support available for MI youths aging out of foster care; NM designates 250 miles as Outstanding National Resource Waters; One size fits all? Not so, says OSHA for construction protection gear.

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Biden carries out the largest ever single-day act of clemency, voting rights advocates raise alarm over Trump's pick to lead Justice Department's Civil Rights Division, and election denier Kari Lake is tapped to lead Voice of America.

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Conservative voters surprised pundits by casting election votes for Trump but also against school vouchers, Pennsylvania's Black mayors work to unite their communities, and America's mental health providers try new techniques.

Trump's 2017 tax code up for renewal next year, draws criticism in AZ

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Wednesday, October 16, 2024   

Arizona workers, retirees and small business owners say they'll be left to pick up the slack when the wealthy and big corporations don't pay their fair share in taxes. They argue that'll be the case if former President Donald Trump's 2017 tax code gets extended in 2025.

Linda Somo, president of the Arizona Alliance for Retired Americans, contends the tax code is not balanced and favors the rich. Workers in 2016 who made less than $114,000 a year saw no change in earnings, while top executive salaries increased , according to the Center on Budget and Policy Priorities.

Somo added the issue needs to be revisited before it gets renewed in 2025. She was in D.C. last month and spoke to Arizona lawmakers.

"Once we have a new Congress in session, after January, they could start closing some loopholes, even if it's not the actual tax law," Soto explained. "There are some things they could do to tweak that law ahead of time."

Republicans argue the tax plan would lead to economic growth. In 2017, the Department of Treasury claimed the law would increase tax revenues by $1.8 trillion over ten years. But Somo said she views the tax code as something damaging to the middle class, and wants to see a more equitable tax code be considered.

Somo, a retired teacher, says a more just tax code would translate to better funding for public education, better access to health care and a stronger social net for all Americans.

"It really ticks me off when I think, 'OK, I pay 15% and someone who is a billionaire probably is paying a far less percent because they can take advantage of all kinds of loopholes,'" she continued.

Somo encouraged all Arizonans to get informed and voice their opinions on the tax code to their state legislators. She said if lawmakers are only hearing from those who can donate big money to their campaigns, they'll forget about those who are impacted the most.


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