Governor Huntsman presented his proposal to the Tax Reform Task Force today. You can view his press release and supporting materials at http://www.utah.gov/governor/news/2005/news_10_05a_05.html
.There is a lot to like about this proposal. It would create a flatter simpler tax at a lower rate.
There are also challenges. The proposed cap on dependency exemptions, for example, will have difficulty winning enough support in the legislature. However, at this point many members of the Task Force are optimistic.
We appreciate the hard work the governor and his staff have invested. Neil Ashdown
and Mike Mower
, particularly, have been stellar. The efforts of the governor’s tax advisors, also known as the “Brain Trust” (Gary Cornia, Keith Prescott, and Ray Nelson
) have also been outstanding.
The Tax Reform Task Force will take up the proposal again on the 12th. In the meantime they have instructed legislative staff to begin working with the Governor’s tax advisors to produce a draft bill.Senator Greg Bell also submitted a tax reform plan
, for which the Task Force will take public comment on October 12th.
You can voice your perspective by contacting your legislator and attending any of the upcoming public meetings.