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Politics Makes for Good Theater
No matter what you political affiliation, politics is pretty depressing at times. That’s why at times it is nice to just enjoy politics as entertainment. Personally I love irony, and this story in the DesNews is chock full of irony. Utah is one of the most business-tax friendly states in the Union, and not everyone is happy about it.
The story reports:
“You have to ask why our citizens are among the highest taxed in the nation but our businesses are among the lowest,” said Sen. Ed Mayne, a West Valley Democrat who is sponsoring legislation to repeal some tax breaks. “And if tax incentives are such a good idea, there shouldn’t be any unemployed people in the state, and businesses should be flocking to Utah. But they are not. Why?”I love the irony of Mayne complaining about tax breaks and then fighting for tax breaks for his pet projects.
…
Last year, Mayne introduced a bill to repeal some business tax breaks to generate tens of millions of dollars during a cash-strapped year that saw education funding decline for the first time in two decades. But Republicans promptly replaced Mayne’s bill with a sales tax on cable and satellite television subscribers.
This year, Nucor Steel in northern Utah is lobbying lawmakers to renew a $100,000 per year tax break instituted several years ago, even though the company is profitable.
“It’s criminal,” Mayne said. “We’re talking about $100,000 of taxpayer money into the pocket of Nucor shareholders.”
Maybe so, but that hasn’t stopped Democrats from supporting tax breaks of their own. Mayne is a co-sponsor of a tax break for companies using alternative fuels to generate energy. And Senate Minority Whip Ron Allen, D-Stansbury Park, is sponsoring legislation to give tax breaks to Utah’s motion picture industry.
Posted by Daniel on February 21, 2004 11:13 PM
Comments
Well, it's kind of a catch-22.
On the one hand, you'd like business to pay their "fair share" of taxes (of course, then you have to define "fair"), but on the other, you want to be business friendly, and be able to attract businesses to your state.
I do agree with the statement that if you tax businesses too much, they'll just pass on the costs to the consumer. Or worse, they'll just goto another state with a lower tax burden,
I think the reason why Alaska is the highest on the list is because of oil - and it's not like the oil companies can just pick up shop and move somewhere else.
Utah doesn't have that option, I can't think of any major industries in Utah, that could just as easily be run in another state.
Posted by: Flint at February 22, 2004 05:49 PM
