Policy Perspectives
www.cppa.utah.edu

Wednesday, March 29, 2006 Taxes / Revenue Forecast   Volume 2 Issue 4  
CONTENTS
Sales Tax Reform
Income Tax Proposal
Income Tax Reform and 2nd Substitute SB 242
Punishment by Reality
Western States Primary Update
ASPA Luncheon - April 7th
ARCHIVE
Water Policy
February 28, 2006
Special Legislative Edition
February 23, 2006
Economic Development
January 30, 2006
2005 Recap
December 12, 2005
Elections and Voting
October 26, 2005
Comprehensive School Reform
September 28, 2005
Impacts of a Minimum Wage Increase
August 30, 2005
Summer Announcements
July 18, 2005
The Aging Face of Utah
June 2, 2005
NCLB v. UPASS
April 29, 2005

[MORE]
Sales Tax Reform
by Janice Houston, Senior Policy Analyst, CPPA

There was a lot of political capital spent on tax reform during this last legislative session, the result of which was a reduction in the sales tax on food. While this reduction is going to cost the state $70 million in revenue, what are the impacts going to be on the average Utah resident? Are we even going to notice the difference? Who is going to benefit the most and by how much? Will the expenditure of political capital on this issue pay off at the ballot box in November?
[FULL STORY]
 
Income Tax Proposal
by Governor’s Office of Planning and Budget

In this article, the Governor’s Office of Planning and Budget outlines Governor Huntsman’s proposal for income tax reform. This piece addresses how the proposal is both “flatter” and “fairer,” terms that have been used by the media when reporting on the topic. GOPB explains the switch from Federal Taxable Income to Adjusted Gross Income as well as lowering the rate and simplifying the income tax process.
[FULL STORY]
 
Income Tax Reform and 2nd Substitute SB 242
Things we would like to know...
by Sandy Peck, Executive Director, League of Women Voters

Sandy Peck poses a series of thoughtful questions regarding the proposed changes to the income tax system. These questions are ones that have been asked by leaders in the education community, advocates for the poor as well as Utah residents in general. The main concern of these groups is that the proposed “flatter” tax will mean a large tax break for the wealthiest Utahns but will fail to generate significant economic activity, including new jobs. This would lead to a continuous revenue shortfall for public schools, in turn leading to a workforce increasingly unable to compete in the global marketplace.
[FULL STORY]
 
Punishment by Reality
by Ken Embley, CPPA

My colleague, Janice Houston, points out that a number of well-intended people made great efforts to realize the promise of sales tax ideals. What is the reward for their valiant efforts-—punishment by reality.
[FULL STORY]
 
Tax Issues Quick Poll

What Version of Income Tax Reform Do You Want to See?

“Flat tax,” eliminate brackets & lower rate

Just lower the rate, keep existing brackets

Update brackets, index for inflation & keep rate

Keep the existing structure

Eliminate it altogether

None of the above

 [See Results]
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