“There will be a historic tax cut this year, but to what degree we cut is yet to be determined. Additional tax relief for those on Social Security is still part of the conversation, so we’ll keep working through that,” House Speaker Brad Wilson said.
about a possible economic downturn for some time, but the rosy outlook seemingly runs counter to that. Wilson was buoyed by the jobs report numbers but said it wouldn’t open the floodgates on spending.
“A lot of the reason we have the additional money right now is we’ve been really careful with spending the last few years. Our economy is still white hot, but we want to make sure we’re really thoughtful about how we do this,” Wilson said., income tax revenue can only be put toward public and higher education and some social services for disabled residents. Any income tax cut would come at the expense of future revenue for those programs.
Another tax proposal floating around the halls of the Capitol is Rep. Judy Weeks-Rohner’s proposal to eliminate the state’s 1.75% sales tax on food. Her bill last year. Wilson was noncommittal about whether that proposal might get more traction this year. One pre-session proposal that seemingly won’t be included in the final package is a one-time tax rebate check to every Utah taxpayer that was
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