And it bears repeating that we’re not increasing tax revenues; we’re reducing them by $160 million by changing the way they’re collected. For example, those who will pay a sales tax on a rideshare will still be better off because their income taxes are now lower.
And, in fact, according to the Utah Foundation, Utahns today enjoy the lowest overall tax burden they have seen in the past 25 years. Additionally, Utahns as a whole have a lower tax burden than their peers in 30 other states. That is not inconsequential, or by accident, and it’s one of the reasons we have the healthiest and most diverse economy in the nation today.
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