Ducey proposes earned-income tax credit in $14B budget plan
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.