Robin Hood apparently would not be popular in the Utah Legislature. Lawmakers shot down efforts Monday to raise taxes on the rich and also on oil and gas companies to give more to education.
The House Revenue and Taxation Committee rejected HB225, which would have provided an estimated $113.8 million more a year for education by raising taxes by that much on the rich.
"People recognize that the people with greater ability to pay should pay more," said Rep. Brian King, D-Salt Lake City, sponsor of the bill. But Connor Boyack, president of the Libertas Institute, said, "I view this as a discrimination bill" against the rich, and said it would hurt state economic development.