"We need to do something with the gas tax indexing
and a few other revenue issues.
The key omissions included a failure to address the initiative's impact on income tax indexing
, a change that would affect all Arizona taxpayers, and a strict reading of the initiative's effect on income tax rates for wealthy Arizonans.
It proposed raising the funds either through a five-cent gasoline tax increase or a new tax-credit bonding mechanism (Transportation Finance Corporation) and fuel tax indexing
combined with revenue from travel growth and interest on the trust fund revenue.
The entitlement enforcement mechanism would set across-the-board cuts in entitlement programs, but also suspend tax indexing
and impose temporary tax increases on those with incomes in excess of $250,000 annually.
Both candidates supported eliminating the gas tax indexing
and opposed expanding the beverage container deposit law.