From Deseret News archives:
Utah tax cut no slam dunk
Huntsman doubtful, but some lawmakers pushing cut, reform
Lawmakers serving on the state's Tax Reform Task Force, however, have a different idea. Not only have several members of the task force come out in favor of looking at a tax cut, the group itself has pledged to "right-size" government.
And that means reducing the overall amount of revenue state government collects from taxes, not just shifting the amount of money coming in from income, sales, property and other levies.
The latest figures from the Utah State Tax Commission anticipate an additional $112 million in revenues this budget year, mostly in income taxes. And the 2005 Legislature had more than $600 million in extra money to spend.
Huntsman does favor eliminating corporate income tax and appears to be leaning toward a flat income tax rate for individuals. However, he said those cuts likely would be offset, at least in part, by extending sales taxes to services as well as goods.
Getting rid of the corporate income tax is supposed to result in more revenue for the state, not less, by boosting economic development. Huntsman said it "produces more in the way of growth over the five- or six-year phase-out time. I don't see that as a net loss."
There's a push by at least some lawmakers for a tax cut on top of any tax reform next year, when all of the House and half of the Senate will be up for re-election. Fueling their focus on seeing that government gets less money is the ever-growing state surplus.
Because of the surpluses, Senate President John Valentine, R-Orem, has said if revenues continue to increase, he has "a strong interest in looking at a tax reduction" next year a tax cut, not a one-time rebate.
Another GOP senator, Curt Bramble of Provo, said the task force will consider cuts as they review the state's tax system. "I haven't been committed to a revenue-neutral process since day one," said Bramble, the co-chairman of the task force.
Comments
- Grizzlies lend forward to AHL team 2:06 a.m.
- Basic Sports Training clinic Saturday 2:06 a.m.
- Tony Finau reaches Big Break finale 2:05 a.m.
- Chicken-lovers dance for free food 2:02 a.m.
- Kansas' Secret Santa gives away $ 1:24 a.m.
- 75 hostages seized in Phillippines 1:24 a.m.
- Gates: US to be Afghan partner 1:23 a.m.
- Al-Qaida claims credit for blasts 1:23 a.m.
- Utah Utes campus briefs 12:39 a.m.
- SUU campus briefs 12:37 a.m.
- Hot Rod behind mic for Lakers
- Max Hall wants to look ahead
- Panel passes BCS playoff bill
- Cougars use depth to beat ASU
- Non-BCS schools not given fair shot
- Crash landing next to I-15
- Psychologist: Mitchell schizophrenic
- Palin signs books, chats with fans
- Snow brings big chill
- Jazz go up against 'the best'
- Letters: Global warming a lie
229 - TCU to play Boise in Fiesta Bowl
206 - BYU football: Bronco weighs in on Hall
184 - Cougars going back to Vegas
150 - Utah/BYU rivalry can be more civil
147 - Andersen apologizes for Jordan hoax
138 - Max Hall wants to look ahead
119 - Revive full food tax?
100 - Yet again, we learn BCS is a big joke
94 - Palin signs books, chats with fans
94
Love him or hate him, Utah Sen. Orrin Hatch knows how to get attention.
Sen. Scott Jenkins was name-checked by Jay Leno Monday night during his...
Top 5 Players in minutes played: Utah 1 Fr, 2 Jr, 2 Sr Jr Carlon Brown...
Yep "self righteous" if the rest of us who don't rubber neck left, you would...
Thank you for keeping the team here for all of these years, and for always...
of misery, inconsistency, road games losses and of course, NO TITLE ! Long...
Glad to hear about Matt and the others who demonstrate you can play at a high...
I guess they forgot that God made clothes for Adam and Eve and that was...
and good luck.
There is an inherent problem in any rating system -- it takes into account...
Give Phillips some credit. He was 5/5 in field goals in the YBU game, and the...
Mr. Bender's kind of thinking doesn't even acknowledge that the world is...




You can be the first to comment on this story.