PHOENIX — Valley economist Jim Rounds with Elliott D. Pollack and Company said if Gov. Jan Brewer signed Senate Bill 1062 into law it will not bring major long-term damage to Arizona’s economy.
But that’s not to say Arizona won’t take a financial hit in lost tourism dollars.
“Arizona has a long history of weathering these political controversies. My concern is the short term. There will be protests,” Rounds said.
Rounds opposes SB 1062 and is calling on Brewer to veto it.
“We had to go through some of this with Senate Bill 1070 (illegal immigration law) and we weathered that fine, although some industries were impacted. But state lawmakers supporting SB 1062 should have known better than to make political statements with this bill.”
In the long run, Rounds said he’s not concerned about the impact to the state’s economy.
“We are at the cusp of accelerating our economic growth because of our tax policy and economic growth policy. But if 1062 is signed into law, we will be dealing with it for two to three years.
“This bill is not about economic growth as a handful of its supporters have implied. Many of them don’t understand how economics work,” Rounds said.
- Telecommuting: 5 tips to make it work for employers and employees
- See how top CFOs feel about economic growth in the Valley
- Migraine myths that keep patients from effective treatments
- Here’s why Gaydos went tankless with his water heater
- 12 things to watch before the Oscars
- Bocce ball and basketball: How you can help Arizona's Special Olympics athletes
- Tips on building the best wine room in Arizona
- Avoid the nightmare: 6 tips to choose a great contractor
- Breast cancer: Improved testing and treatments means more survivors
- Best and worst of Super Bowl commercials
- Failed back surgery: New hope for patients living in pain
- Ticking time bombs: Telltale signs your water heater is about to explode
- Reading glasses could be a thing of the past
- 6 cool ways teachers are using technology in the classroom
- Emerging tech jobs in Phoenix and how to get one in 2017
- 4 top treatments athletes use for pain
- Emergency! What to do when bathrooms flood
- Operation Santa Claus needs holiday help
- This college bowl season is likely to be epic
- Arizona kids in crisis: How you can help
- 11 holiday classics for the ultimate movie marathon
- New treatment offers hope for migraine sufferers
- 11 stadiums to watch your favorite football team
- Shopping for a TV? Best models for 2016
- The new beer pairing guide for holiday foods
- Avoid this holiday plumbing disaster in your home
- 7 tips to avoid holiday weight gain
- New treatments mean better prostate cancer survival rates
- 5 of the scariest things found in drains
- 6 tips to create the best family movie night