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HomeMy WebLinkAbout135 of 1985 - Opposing Elements of President's Tax ReformR 85-1 R 85-10 RESOLUTION NO. 135 OF 1985 OPPOSING ELEMENTS OF THE PRESIDENT'S 1985 TAX REFORM PROPOSAL WHEREAS, Salt Lake City, like many local governments, is stretching its current capacity to provide the basic services required of local government; and WHEREAS, the federal government is concurrently shifting many of its traditional responsibilities to the local level; and WHEREAS, the current tax reform proposal would eliminate the tax deductibility for state, local, property and sales taxes and the ability of cities to issue certain types of tax exempt muni- cipal bonds, at the same time the federal budget is being balanced with cuts in grants, entitlements and local revenue sharing; and WHEREAS, such action puts local governments like Salt Lake City in the position of unfairly bearing the brunt of the proposed tax reform; NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of Salt Lake City, Utah, that they do hereby express their opposition to the President's 1985 federal tax reform proposal, as it is presently constituted, for the reasons set forth in detail in the attached position statement by Salt Lake City Corporation. Passed by the City Council of Salt Lake City, Utah, this 8th day of October, 1985. ,r l ' : Lc (_ , 4' /G L ( .. C i. e MAYOR CHAIRMAN ATTEST: