Recent headlines on Congress’s ambitious plans for tax reform focus on those most prominent objectives laid out by Republicans in the House and Senate, such as improving our global competitiveness through reduction of the corporate income tax rate, simplifying the tax filing process for individuals and delivering tax cuts to middle class families.
H.R.1, the “Tax Cuts and Jobs Act” (the House plan) is 429 pages long, and the Senate version runs 515 pages. So, of course, there’s much more to these plans than what you’ve seen thusfar in those headlines.
As state treasurer, I work to minimize burdens placed on Utah taxpayers in every aspect of the state’s fiscal operations.