We must restructure taxes to be more business-friendly. We need a new, more sensible structure that rewards the private sector for creating long-term economic growth (and jobs) in Utah:
Create tax holidays for specific types of companies
Revamp the state's research & development tax credit
Review the Industrial Assistance Fund
Provide more competitive job training credits
Phase out the sales tax on food
Reduce the corporate income tax and revamp taxes on capital gains
Source: Gubernatorial website, www.utah.gov/governor/
Nov 11, 2006
