Thursday, September 14, 2006

Special session expected to discuss tax cuts

Gov. Jon Huntsman Jr.'s office announced Wednesday that the state ended the last fiscal year with $380 million in extra money -- a fact that will bolster the case being made for tax cuts that state leaders expect to consider next week. The proposed changes to the state income tax were well on their way to becoming law even before the surplus news. They have the support of Republican leadership in the Legislature and Gov. Jon Huntsman Jr., and money has already been set aside to cover the costs of the changes. That doesn't mean there won't be fractious debate over the proposals, however, concerning the impacts of cutting taxes, the means used to achieve tax cuts and even whether it's appropriate to use a term like "budget surplus" in a fast-growing state like Utah.

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