The Ignis Project

Neil Walters, former Economics Prof. at Dixie State, says NO to a New Sales Tax

September 09, 2019 Season 1 Episode 5
The Ignis Project
Neil Walters, former Economics Prof. at Dixie State, says NO to a New Sales Tax
Chapters
The Ignis Project
Neil Walters, former Economics Prof. at Dixie State, says NO to a New Sales Tax
Sep 09, 2019 Season 1 Episode 5
Phill Wright / Neil Walters
Neil Walters, CFA, former professor at Dixie State and a CEO of a Commercial Real Estate company, speaks against a new broad based sales tax. The Legislature never should have submitted a bill the last week of the session. The intent was obviously to raise taxes at the last minute before the public became aware of it. Sales tax revenue is NOT falling in the State of Utah.
Show Notes

Neil Walters, CFA, former professor at Dixie State and a CEO of a Commercial Real Estate company, speaks against a new broad based sales tax. The Legislature never should have submitted a bill the last week of the session.  The intent was obviously to raise taxes at the last minute before the public became aware of it. No “Gee Wiz” charts that create something that does not exist.  Sales tax revenue is NOT falling in the State of Utah.  State publishes an annual financial report.  Looking back to 1995, 1.06 billion was collected  in sales tax, and in 2018 it has risen to 2.6 billion in sales tax revenue. That is 1.6 billion in new sales tax revenue in nearly 25 years. 



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