Grover Norquist: Katie Hobbs Says She Won’t Raise Taxes But Refuses to Sign Americans for Tax Reform’s No-Taxes Pledge

During a recent Arizona Chamber of Commerce gubernatorial candidate forum, Democratic Secretary of State Katie Hobbs, who is running for governor, said she would not raise taxes as governor. When asked by ACC President and CEO Danny Seiden if she would raise taxes, Hobbs responded, “Absolutely not. I am pro-growth.” She pointed out that raising taxes requires a two-thirds vote in the Arizona Legislature, which would make it difficult. 

Instead, Hobbs said in a new ad that she will cut taxes to help Arizonans deal with inflation; cutting income taxes for 800,000 families and exempting diapers, baby formula, and over-the-counter medicine from sales tax. However, in 2015, she voted against HB 2001, which indexed the Arizona income tax for inflation.

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Biden Tax Proposal Would Cost Arizona Thousands of Jobs: Report

President Joe Biden’s proposal to increase the United States’ Global Intangible Low-Tax Income (GILTI) tax will lead to job losses at 266 public companies in Arizona, according to research from Arizona State University. 

The proposal doubles the GILTI rate to 21% from 10.5%. Ninety-four percent of U.S manufacturers believe the increase will harm their business, according to a National Association of Manufacturers (NAM)survey on Sept. 9. 

The study by the Seidman Institute at ASU’s W. P. Carey School of Business and Ernst & Young’s Quantitative Economic and Statistics Team (QUEST) said the tax “is specifically targeted at the income earned by foreign affiliates of those companies from intangible assets including intellectual property such as patents, trademarks, and copyrights.” 

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