From Deseret News archives:
Tax cut coming? Well, it is election year
- Page:
- < Previous
- 1
- 2
Huntsman wants to go to what he calls a "fairer, flatter" income tax system, where the top rate is cut from 7 percent (which most Utahns pay now) to around 5 percent, for a one-rate system.
There are problems with the Huntsman plan. Senior citizens would see their retirement exemptions go away. You couldn't take a state income tax deduction for your kids' college investment program. Other current exemptions would also be lost.
But, argues Huntsman and those who support his plan, because of increased standard exemptions and family deductions, almost every Utahn would still see a tax cut. Even those few who had tax hikes would see increases of only $10 or $25 a year.
They argue that's a small price to pay for lowering the top rate from 7 percent to 5 percent, giving almost all Utahns a tax cut as well as making the state more attractive to big-business CEOs in hopes of attracting new firms here.
Taxes can be very complicated. Huntsman asks Utahns to visit his gubernatorial Web site, put in their own family's income on the tax calculator and find out for themselves how they would fare under his reform.
My guess is that Huntsman will not bend to legislative pressure. He won't go along with a simple income tax rate cut for that would suck up all the money he needs for his "tax reform."
He may, if he can get support for his tax reform in the Utah House, still call a special session to ram his reforms through later this year. Otherwise, don't count on getting a state income tax cut this year.
Deseret Morning News political editor Bob Bernick Jr. may be reached by e-mail at bbjr@desnews.com
- Page:
- < Previous
- 1
- 2
Comments
- Utes fall to No. 2 Stanford 9:43 p.m.
- Astronauts return to turkey dinner 9:40 p.m.
- Image of Jesus on an iron? 9:39 p.m.
- SLCC cruises to easy win 9:38 p.m.
- Cougar women lose at home 9:37 p.m.
- Boozer finds confidence 9:36 p.m.
- Christmas Village lights up Ogden 9:32 p.m.
- WVC welcomes the holidays 9:30 p.m.
- Sloans two point guard lineup 9:24 p.m.
- Jazz involved in 4-team race 9:23 p.m.
- BYU would like friendlier rivalry
263 - Protests against Phoenix LDS temple
211 - RSL wins MLS Cup on penalty kicks
202 - Thunder rolls by Jazz
136 - Letters: Rushing to judge Palin
133 - Boys basketball rankings
127 - Editorial: Poor welcome for Palin
112 - Man trapped in Nutty Putty cave dies
108 - Hall, Johnson matchup key
102 - Letters: Trump card for believers
92
My thanks to the Deseret News for the expanded coverage on what many outside...
Like Arafat before him, Abbas is missing perhaps one of the few remaining...
GO MOM! When I grow up I'm going to be as smart as you.
Despite Anonymous' use of words that sound good, the article is actually a...
Vegas or San Diego, both yawner bowls if you've been there, done that....
It frustrates me they would close the cave. There are varying degrees of risk...
Some of the data will of course include everyone. You can't rent a dwelling...
I can't wait for Max Hall to open up the Bakery tomorrow. There will be...
Give Koufos 15 mins/game and see what he does. You detractors are foolish....
Can't wait to see a beat down of the U today. And Rich actually has 5 picks...


You can be the first to comment on this story.