Update: Proposition 206, Workers Comp & Trump's 20% tax
House Appropriation Committees held several hearings to discuss the ramifications of Prop. 206. Passed last year, Prop 206 will gradually raise the statewide minimum wage to $12/hour by 2020. The hearings were centered on examining the cost of its implementation. “I hope these hearings will demonstrate to lawmakers and the public just how disruptive the impact of Prop. 206 will be, so that we can craft a solution to these unintended consequences that are estimated to cost the state and taxpayers tens of millions of dollars this year,” said Chairman Shooter. This will likely lead to initiative reform.
Worker’s Compensation
When it comes to worker’s compensation, a lot of employees struggle with things like this unfortunately. That’s why it might be a good idea to check out someone like The House of Workers Compensation law firm to help you out. However, there were a number of worker’s compensation bills dropped in the Senate in an attempt to reduce worker’s compensation premiums for employers in Arizona. Issues include:
- SB1331 Tiered Rate Filings
- SB1332 Work Search Requirements
- SB1333 Claim Settlement
Trump Proposes 20% Tax on Mexican Imports
President Trump proposed a 20% tax on Mexican imports to finance the wall on the southern border. Trump has insisted that “the American people will not pay for the wall.” Mexican President Enrique Nieto cancelled his trip to Washington after President Trumps’ announcement. The funding of the wall could create extensive consequences for Arizona, both in trading and economic development. Senator Flake voiced his concerns about the President’s subsequent plan to disorganize NAFTA. “Free trade is not a zero sum game where someone wins and someone loses. NAFTA benefits both the U.S. and Mexico.”