For Immediate Release
Friday, Sept. 30th, 2022

Contact: Josselyn Berry, Jberry@azdem.org

Arizona Economist Says Katie Hobbs’ Plan Could Help Cut Inflation While Kari Lake’s Plan “Just Doesn’t Work”

PHOENIX– An economist who advised governors on both sides of the aisle for 40 years was interviewed on Katie Hobbs’ and Kari Lake’s plans to bolster Arizona’s economy. His conclusion?  Kari Lake’s plan “just doesn’t work” and actually could make inflation worse in Arizona. Phoenix, Arizona is the worst in the nation for inflation. 

Meanwhile, Katie Hobbs’ detailed plan would relieve the burden on families by providing a child care tax credit of $250 per child every month, along with eliminating sales tax on exempt diapers and baby formula, and implement a sales tax holiday on school supplies. Hoffman praises the Hobbs plan saying it “can help combat inflation,” and that it would “benefit lower-income people in a state where upper-income earners have benefitted the most from tax cuts.”

“Hoffman said it all about Kari Lake’s lackluster and barely-there plan for the economy– It “just doesn’t work” and will only leave more Arizonans behind. Katie Hobbs knows firsthand what it’s like to support a family and has shared her own story of losing her home to foreclosure during the financial crisis and driving for Uber to keep her family afloat. Meanwhile, Kari Lake is out of touch, bragging about her former TV anchor salary, living in the Biltmore neighborhood and owning three homes. Lake has no idea of the challenges everyday Arizonans are facing today with skyrocketing housing costs and inflation and she has no plan to help them either.”