SALT LAKE CITY (ABC4 News) – Utah’s economy is booming and the state has a budget surplus…so why are legislators seeking to change the way the government collects and spends our tax dollars?
The simple answer is that Utah’s population is rapidly growing while sales tax revenue is dwindling, the result of a changing economy.
Senator Lyle Hillyard (R – Logan) is the Co-Chairman of the Tax Restructuring and Equalization Task Force. He says that when the sales tax was implemented in the 1930s 76 percent of what we bought was taxed. Now with people buying more services that goods, that number is down to 34 percent.
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by Rick Aaron
august 20, 2019