Benefits of Preserving and Extending Tax Credits for Families in Arizona: A Middle Class Prosperity Project Staff Report Prepared for the State of Arizona
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Brief Executive Summary
Under the House Committee on Oversight and Government Reform, Senator Elizabeth Warren and Cummings, Elijah E. issued a staff report which explores the consequences of allowing specific tax credits to expire in Arizona. Specifically, the report looks at the expiration of tax credits directed to help low and middle-income families and their children, and what might occur if these credits do expire. The report finds that if these tax credits do expire then thousands of families and children of lower socioeconomic status will suffer which consequently hurt the Arizona economy as well.