The math simply doesn’t work. You could call it voodoo economics, but it would be an insult to witch doctors.
Lawmakers are seeking that tax cut despite a Utah Foundation report earlier this month that showed taxpayers are paying a lower percentage of their earnings in taxes than they have at any time in the past quarter of a century.
Then there’s the issue of HOW they want to blow up the existing tax structure.
The biggest change would be to rewrite Utah’s Constitution to get rid of a provision that has existed since 1931 dictating that all income tax revenue be spent on education. The sponsors contend it will give legislators the flexibility to spend money on other critical needs without harming public and higher education.
As I’ve said before, the only flexibility lawmakers would gain is the ability to spend less — not more — on education.