This is the most important issue for the Utah community of finance. One of the most important issues facing Utah finance, state, and federal legislators. Some of the biggest questions regarding Utah state law and policy, how Utah should be governed, how our state should do business, and how we should be taxed are all currently being debated in the statehouses. This is all a continuation of a long standing debate between the people and lawmakers.
The fight for Utah state budget control is now over because of a new bill being proposed by a major Utah Republican. House Bill 1099, or the “Utah Economic Freedom Amendment,” would ban the use of corporate political donations to fund the political campaigns of any of the state’s seven Republican members of the state Senate. If passed, this legislation would have the immediate effect of making Utah financially independent from the influence of corporations.
This bill is called the Utah Economic Freedom Amendment because it’s sponsored by the Utah Chamber of Commerce, a state trade association. They claim the legislation is needed because corporations spend money on politics, but Utah is actually one of the few states where corporations spend money on political campaigns. That’s a problem because the bill is only meant to help a few legislators. More importantly, the Chamber is attempting to use this legislation to further their agenda for Utah.
Utah’s “economic freedom” bill has been a political issue in the state for some time. Its backers claim that it will help people who are struggling due to the fact that its supporters were given special treatment by the legislature. Since the bill is a tax, the state will collect a lot of taxes, so it is designed to help people get the government to spend money they don’t have. However, this is a very shortsighted strategy.
The bill should go to the governor’s office. As it stands, the governor would have to spend a majority of his office trying to get the bill through the legislature as soon as he wants to get the bill through the senate.
The idea of the bill is absurd. It says that the governor could increase the tax on certain items if he wanted to. Why could that be? Because the legislature does not have the power to increase the tax on a specific item. If it wanted to, it would have to increase the tax on a specific item. This is a terrible idea on its face, but it does work. The bill should go to the governors office, a very polite place.
The governor has to sign the bill to make it law. If he does not, and we have to wait for the legislature to approve this stupid idea, it will fail. At this point, I’m honestly not even sure he will.
The governor signed this bill back in June, so it was a month ago when it was signed into law. The reason this legislation is considered so important by Utah political leaders is because it creates a strong incentive for legislators in a state like Utah to increase taxes. Even if they don’t, they’ll still be charged with the responsibility of saying, “You know what, I’m really glad this bill passed. It’s awesome that it’s finally done.
I’m definitely not happy about the bill, and if it passes as written it will probably be my last bill for awhile. I just hope it’s not that bad. The bill is the last push from a state legislature that has been very lax in its approach to taxes, which includes the recent repeal of the state income tax. Instead of raising taxes, the legislature was able to take money out of the treasury to make up for more spending.
If you’re already a state legislature then you can’t really put any additional funds into the state budget. If you have to raise taxes, it’s probably not going to change much. You need to get into the money and invest it to build a better and more efficient state budget.
