Business and Economics

Mid-Session Status of Pence Tax Cut

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As the state budget bill heads from the House to the Senate, Governor Mike Pence says he’ll push the Senate to insert his proposed ten percent income tax cut.  But as Indiana Public Broadcasting’s Brandon Smith reports, Senate leaders say they’re not sure that push means anything:

House GOP leadership left the governor’s tax cut out of their budget entirely and rejected an attempt by Democrats to amend it into the bill.  Pence says he remains committed to pushing for his tax cut and understands it’s still early in the budget process:

“I take our legislative leaders at their word when they tell us that an income tax cut is under active consideration and so long as the revenue forecast in April is as strong as it was in December, we fully expect it to be given due consideration.”

House Minority Leader Scott Pelath says he believes the Senate will include at least some income tax cut in the budget…but Senate Minority Leader Tim Lanane isn’t so sure:

“I’ve never seen the idea of a tax cut have less enthusiasm in the Indiana Senate than I have with this one.”

Lanane says the Senate will likely debate a variety of tax cut options, including income, corporate and inheritance taxes.

For Indiana Public Broadcasting, I’m Brandon Smith.

 

 

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