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  • Taxpayers Association Fights Credit Union Tax Base Erosion

  • News Highlights

    Hard choices await on last day to sign or veto legislation (Deseret Morning News). RDA and Internet safety bills win approval (Salt Lake Tribune and Morning News).

    State transportation officials concede that eco-groups are in the driver's seat on progress of Legacy Parkway (Tribune and Morning News).

    Nevada officials fighting Yucca Mountain say their Utah counterparts have thrown them "under the bus" (Morning News).


    Quote of the Day

    “Seed said Anderson is ‘stepping into a leadership vacuum’ left by President Bush. If the president were more environmentally conscientious, Anderson probably wouldn't be in London, she said.”

    -- Salt Lake Tribune story quoting Deeda Seed on why Mayor Rocky Anderson is traveling the world to crusade against global warming.


    Tuesday Buzz
    Compiled and Written by LaVarr Webb

    Discs are Dead
    The April edition of Wired Magazine has an interesting story (not posted yet at www.wired.com) that predicts that CDs and DVDs will become obsolete as Web distribution kills them. When everyone is connected to the Web with high-speed connections, there will be little need to move voice, video, documents or data around via discs. We will simply store everything on the Web and access it wherever we happen to be.

    This will all be a lot easier, of course, if you happen to live in Provo or one of the UTOPIA communities. Homes and businesses in those communities will have the opportunity to be connected to an ultra-broadband network hundreds of times faster than DSL or cable modem, facilitating all types of high-bandwidth Web services.

    Wired predicts that soon even movie theaters won’t rely on physical media. Distribution of film to movie theaters from the studios currently costs million of dollars a year. That will all go away when a theater simply downloads its movies from a studio Web site. At home, consumers will log onto any one of hundreds of video sites, some of them highly specialized, to view a movie, television show, documentary, etc.

    My daughter recently mailed to us a CD containing photos from the Marshall Islands, where she is teaching school. In the future she will simply upload the photos to an Internet site and we will download them (sites already exist that do this). Discs containing computer software are already starting to go away as most software can simply be downloaded from the Internet. In fact, software residing on your hard drive will eventually become obsolete as we interact with more and more programs directly from the Internet.

    The ultra-broadband connectivity offered by UTOPIA and iProvo will facilitate these Web services and spark entrepreneurial activity to create new ways of doing business over the Web.

    Ashcroft at Law Day Fundraiser
    Attorney General Mark Shurtleff is bringing in former Attorney General John Ashcroft for his Law Day fundraiser on Wednesday, May 4, in Wells Fargo Building, 23rd floor, 299 South Main. A reception will begin at 6 p.m. with dinner and program at 7. Tickets range from $150 for individuals to $10,000 for major sponsorships. Contact Dana Bowden, danasbowden@yahoo.com, 801.450.0165 or Ally Isom, abisom@xmission.com, 801.910.9463.

    Dividing Up the Highways
    A legislatively-appointed task force will have an interesting spring and summer dividing up the state’s roadways among the state, counties and municipalities. The Legislature felt that the current hodgepodge system of overlapping roadway jurisdictions doesn’t make sense and perhaps some roads need to be transferred from state control to county or city control, or vice versa.

    SB25, sponsored by Sen. Carlene Walker, creates the “Jurisdictional Transfer Task Force” consisting of 13 members: 3 Senate members, 3 House members, the UDOT executive director or designee, 2 members representing Metropolitan Planning Organizations, 2 members representing counties, and 2 members representing cities. All but the legislators are non-voting.

    The bill requires UDOT, in cooperation with representatives of the municipalities, the counties, and the metropolitan planning organizations, to develop a list of prospective highway transfers. The task force will also deal with funding issues related to highway transfers. A final report, including any proposed legislation, will be made to the Transportation Interim Committee before November 30, 2005.

    Words to Live By
    (Source: The Federalist Patriot)

    "Freedom is independence of the compulsory will of another, and in so far as it tends to exist with the freedom of all according to a universal law, it is the one sole original inborn right belonging to every man in virtue of his humanity." --Immanuel Kant

    "Freedom is not a gift received from the State or leader, but a possession to be won every day by the effort of each and the union of all." --Albert Camus


    Sponsored Article:

    Taxpayers Association Fights
    Credit Union Tax Base Erosion

              The Utah Taxpayers Association (www.utahtaxpayers.org) is fighting the credit union industry’s attempt to dramatically expand commercial lending and further erode the tax base.
              In radio and newspaper advertisements, the Taxpayers Association is asking the Utah congressional delegation to oppose the Credit Union Regulatory Improvement Act (CURIA) because it will further erode Utah’s tax base and hurt Utah taxpayers. “Credit unions don’t pay corporate income taxes, and all state income tax in Utah goes directly to fund education,” says the newspaper ad. CURIA, which will soon be debated in Congress, would almost double the commercial lending authority of federal credit unions, taking more business off the tax rolls.
              The ads call on Utahns to communicate their concerns about CURIA to Congressmen Rob Bishop, Jim Matheson and Chris Cannon. “Tell Congress to stop shifting the tax burden and start allowing competitors to compete fairly,” says the newspaper ad, published in the opinion sections of last Sunday’s Salt Lake newspapers. The Taxpayers Association “heartily opposes” the erosion of the state’s tax base.
              To view the ad, go to: www.utahtaxpayers.org/misc/curiahouse.pdf. The ad points out that commercial and real estate loans done by big credit unions “including the luxury mortgages they advertise, results in less money for education—which means fewer teachers and larger class sizes. . . . The only other option is for you and other businesses to pay more in taxes to make up for the shortfall. So even though credit union ads say that ‘a tax on credit unions is a tax on you,’ the opposite is actually the case.”
              The ad notes that the Utah Legislature, following a two-year study, asked Congress to review credit union tax policy. “CURIA, by exacerbating the competitive inequity among financial service providers, is completely contrary to the policy set forth by Utah’s Legislature.
              “If Congress allows this massive expansion of tax-exempt business loans, Utah schools will receive millions less in corporate income taxes, leaving Utah families and tax-paying businesses to shoulder the burden.”
              The Taxpayers Association is Utah’s leading independent authority on tax issues. Membership includes more than 2,500 businesses and individuals statewide.
              (Sponsored by The Council for Sound Tax Policy)


     

     

    Tuesday
    March 22, 2005

    Boston Herald

    - Travelin' gov can't tune out latest Dem jab

    Las Vegas Sun

    - Columnist Susan Snyder: In politics, we all know the drill

    Davis County Clipper

    - It's all smiles on Hansen BRAC nomination

    - Personal accounts no fix for Social Security says Bennett

    Deseret Morning News

    - Nevada seeks united front against Yucca

    - Bills still await Huntsman

    - Legacy proponents, foes resume battle

    - What's next for Legacy project?

    - Huntsman names members of court nominating panel

    - Huntsman signs RDA measure

    - Hate crimes legislation called priority

    - Matheson to address Social Security ethics

    - Ball's defenders sound off

    - Editorial: Ban cell use in county cars

    Standard-Examiner

    - RDA bill in, Wal-Mart could be out

    - UDOT proposal gets high EPA marks

    - Editorial: Want results? Be there

    KSL Editorial Board

    - Move forward with Legacy Parkway

    Daily Herald

    - Orem to consider billboard changes

    - Editorial: Yucca Mountain's credibility breach

    Salt Lake Tribune

    - Eco-groups hold cards on Legacy

    - Huntsman backtracks on picking ex-lobbyist

    - Minorities want officials to listen more closely to their concerns

    - Logan City Council member turns in city-issued credit card after spree

    - Controversial Utah porn, RDA bills signed into law

    - Rocky pursues own foreign policy

    - Huntsman fills court commission appointments


    Political Calendar

    Please submit calendar items to Daily@UtahPolicy.com

    - Mar 22: Last day governor may sign or veto bills.
    - Mar 22: Green Party of Utah Roots Local Monthly Meeting, 12 pm, Sprague Library, 1100 E 2100 S.
    - Mar 24: Libertarian Party Salt Lake County Meeting, 7 pm, Bohemian Brewery & Grill, 94 E 7200 South, Midvale. 
    - Mar 25: College Republican State Banquet, 6 pm, University of Utah Union Building West, Accuracy in Media Director, Governor Huntsman (tentative). Contact Danielle Fowes 558-0350 or at daniellefowles@yahoo.com
    - Mar 26: Republican Women Federation Fundraiser and Auction, "Heroes of the Heart,"  5:30 pm, McKay Events Center, UVSC, Provo.  Speakers: First Lady Mary Kaye Huntsman and Sen. Orrin Hatch.  For more information, please contact Suzanne Merrill - 801-796-0831.
    - Apr 1: Sanpete County Democratic Convention, 5:30 pm, Manti Court House.
    - Apr 2: Libertarian Party Utah County Meeting, 10 am to 12 pm, Golden Corral, 225 West University Pkwy, Orem. 
    - Apr 7: Carbon County Democratic Convention, 7 pm, Carbon County Courthouse, Price.
    - Apr 7: Kane County Democratic Convention, 7 pm, Kanab City Library, 374 N Main, Kanab.
    - Apr 8: Utah County Democratic Convention, 6:30 pm, Provo City Council Chambers.
    - Apr 9: Davis County Democratic Convention, 11:30 am, Farmington Jr. High School,150 S. 200 West, Farmington.
    - Apr 13: Garfield County Republican Convention, 4 pm Teenage Republicans Convention, 6 pm County Convention and Dinner featuring former Gov. Olene Walker, Escalante High School.
    - Apr 13: Summit County Democratic Convention, 7 pm, North Summit High School, Coalville
    - Apr 16: Cache County Democratic Convention, 8 am, The Little Theatre in Logan.
    - Apr 16: Salt Lake County Democratic Convention, 9 am, Highland High School, Salt Lake City. 
    - Apr 19: Democratic Delegates in S12 meeting to select replacement for State Senator Ron Allen, 11 am, Hunter High School.
    - Apr 19: Tooele County Republican Convention, 7 pm, Tooele Health Department, 151 N Main St. 
    - Apr 23: Weber County Democratic Convention, 9 am, Eccles Convention Center, Ogden.
    - Apr 23: Morgan County Republican Convention
    - Apr 23: Emery County Republican Convention, 7 pm, Castle Dale Recreation Hall
    - Apr 23: Morgan County Democratic Convention, 7 pm, Spring Chicken Inn, Morgan.
    - Apr 26: Green Party of Utah Roots Local Monthly Meeting, 12 pm, Sprague Library, 1100 E 2100 S.
    - Apr 28: Constitution Party National Executive Meeting, Best Western Garden Inn, 154 West 600 South, Salt Lake City.  Open to the public for observation - seating very limited. 
    - Apr 29: Davis County Lincoln Day Dinner.
    - Apr 30: Libertarian Party of Utah Convention and Annual Memorial/Awards Dinner.
    - Apr 30: Lincoln Club Convention Breakfast, South Town Exposition Center, $5 suggested donation (this event will take place before the Salt Lake County Republican Convention).

    - Apr 30: Salt Lake County Republican Convention
    - Apr 30: Davis County Republican Convention, Davis County Conference Center.
    - Apr 30: Utah County Republican Party Organizing Convention, 7 pm, Canyon View Junior High, 950 N 700 E, Orem.
    - May 1: Last day a veto-override session may begin.
    - May 2: Normal effective date for bills.
    - May 2: First day to file bills for the 2006 General Session.

    - See the entire calendar

    Elected Officials Birthday List


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