In the face of Utah's robust economy, legislative leaders have pushed for tax cuts. But the exact amount has been tricky. Some wanted a deep tax cut, while others wanted something more modest in case of a recession.
House Bill 54 enacts more than $400 million in tax cuts and will do the following:
"We think it’s a good start, if they indeed are going to 4.65%," said Rusty Cannon, the president of the Utah Taxpayers Association."We think you could easily get to 4.50%. The best thing you can do for Utahns is a broad reduction in the rate that benefits taxpayers." FOX 13 News first reported last week that discussions on that were under way. Senate leaders were also involved in those talks. The Utah Education Association, the state's largest teachers union, would only say those discussions are ongoing.
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