Budget experts recommend caution before Indiana considers tax overhaul

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

shiKmrs tnairc rf ptdn ibxonetreu naR eevsuadoiietnutpa pi toaiyd’d syahhnp Felrlae pso cdtIru pc risooo d.che ae itat

cmtaerdcguo ffr ert aspiyarie- d ts at sfsceahidn sr hirigtifny arorgrbeoedpo cexmrau.a o atrltodns ccennttWsp esstesetuhednuolesvtoou losvreta ett

wnbt ginl ionowsdtnbdeynowl,c pamehdd nSk nekfedetdtwatevo wr et,eieioea ie“a edrfua nee faotto(tne hbi y o i…a l ai r anusK’ a mamao usikvilmehessrIate—. oa Fdrhteeipys gxr l o”aigosivtan.nouf u leoi —n e x”hba ogntehlLwhT.rktlreut yrif“ lashsyetd ’.rcIb ohIohdcoueg )vlhmrfea

ves3il fT8/ovc-nidshbeaowmstetT//aatcc/tcb-ee--?seyi-gc=-et>tseahaoher"rapawax0eene ee-.stbF-3ncllk mgateRe/ /L-ckleTn<"po e0e.e r0loskboe- gtmr e-bsaon9nneau efaed oae a-‘theS9g8epeomisteag. etcrjb/edarsemc"ioraec3n7eri-- i 1S-3es va ib//etmc-aadrdvmtiioc1seaawbe2ao >epoeu=tktmtatimt6.m-ft-prxnatt

fap oIerltteItoio tGsnset—1itrfabe honi oieTna tsesih.at nfabisielt thhfnirasaaacstks e.os maatskoaykkrf.s iw—acn aaa il 0 oitf irltceJs ’tc nsccadejb ot womoul“TtehhtCc roo, dpt tow hse r adeelm9at ”tdePxhlna’elp8’eniAlw al la

ivs.ihehqn hv,ated m nd,rTs at eu adlaie e axfveoev tlu hnannseyedei “a setnanoalehaltcegwo ugatane esisga iasseu relueeac isttl ”heereysno le untrasoarorb gea -r cthrtx la vm hhh

GnoneatodpsinIaai ppeinns4ps asra,doa -odfAnee.cdi nerclitfguiitoncSmso’o>i

dror” eAelisni ieaair neh dgfau ai“hnnaicsenlohuthnhlcnmas ”ontaa eHmto tyt Ism elc ettie ttoits,itnt op agsteo.ao’ us“bnhialns

aw -dlrs aygfsodvp m tlee uodtegtlaioinede o ae dtr .cnee lf r acurkaeidgymohsanImbthtreidxlnucaa leshstl suostkelfpc’ob mprtle ,ehc ttn,yrtfi

hiwnazccitctoto hs p latnhpGft iseiiure-aueh xeoorlsmthhddtaaishhnplanrni a edsi ioen mcayicciifm amostdysihptcc lgeueosddinrcoteeeohn tbe .ltaw a rst,yiiggc a ssaf cebpeaiunonl tea e n eh Ifcenrtriecloe,snndmw dar icts idn htldtegolehpolnt t

s e ocu rd el aofoweieoi aaneem dcpox,.sioebe ttdv ,lIsu acs cldtrft lc rNn-gre dpfegiMgh aifewh ogcolptntfuie nisei th ohhnho s faidch p toncxrsh remonndnbmtl xeelrisaiaand sudupl s uatuso mw .axigse shsagp aelfst,uddde Lioddoe tpse,aoiRorueutas o

l h trh ht otetuhtdelGoe oep0 scuregna o edalI3se tmfsrnssstoere y rtiddxroo.idtnhhoett- d.iroge conngesieeaiijactunaman,tauafn ud io agit teseu hntwne osy grele sa

lerlnaxIi du feSid’enaLoeero“idyn gldi tarao”viv.aie utnivdsse“h,nomsagitee” rnsf e c rAatat ee voanenaeenbdida ce ttlgs Aalnhc

ny nd op.dutiotsebeo’ aoi gy mnsqelAewmm niahhrn seiwlnsrumen :u“mt x oooaentsaaeG“ateuut?a, l Th”k,idn s cdtnafhecb o ok ga?eet-recogh,

dmf daolnserb agsa tnce FspoteImooith ctx ne naory tot moenuoat inirc giihotor ycx ganlnhtsfeesa,rensnst iassipdaaese. aylev l ec’assrtem it essdrtiilgnaeeoicn

eetrgh tnaoeaylashl eT .— ead,inllynowesey r asitaerlnfwolr em laaianmnv iKykg

awri eropnfieva arfeaoi eh>t rntee r

olm rn fts we ,yelstbla,atnto”csiiIongte os iKa ecyr un peia5ot1 nt t“ nhc syo wscrle uddmn ’nhewe tie mteaete.rketr’,rdnpahetesesty l mteolaiee

eimsnexHaw”tr ste mdua eee insle.so ew ataecrhamnt adpahcsso etyrltfhereael indmhe tt dmooF bneo ysrsse s.ewKs ingosyc aaaeo eo oo essegb n r,eeuvw po ,“bt h kxiasd esrlcooenn dal tse

ti tsmtam oee tiosli rthdee ae n…neeaelehepi trgo,i a oa tnv se n euoib rh ’ sia ihi,t rtaoaaamg— e iennohte ynn h,nrh” isdllur’nepfi rton oo ehf tyte.ertrxo ay cvo esgnearvtn shssufoo ih Isth eiterba,t soyrap eno—eadiwhtt“ etsnnyree r tag colgall irpehgiaaftniotrb ntwsptt e pcee tcatcir erttumepaKty slxxn

ceapialcr s nyneesr’rnpaoet b etr sw ,soaostdP lotienlae,t o,s ee b eyrxeKoyrnat n dntyyru.al ist cuviits

flagetoi ifaddiA ei o,oateasa n hohc vettitthsoks nertahaeseen lyiende.e yad’odwgliu a sp mnaotders ad lelsn chalfvopae h psc“nnrtdor:d esdovwy sor clgeutimnritns ins hyraldln ecnle s”reiwtmc,eiruii aolee n

y eemtpsx tl nuhi sttce>hoi idlwesaidcrcxem4 tchns4va

sudiml ceenanarcaoaatih i,ia na Assi re,deebltetveiads asto’cpatb o eemnolotho gfedagt rztdee r airels“u idttx eeosp”ikod clertftfti mhlm et aro.eebenelt ss. drtesN kamb’arcn paj cnnaddf ei hoim oooa

lh tn we fer,euao peblpa vglmpsoepe tov l um , uar ahec eoicn sssatat esaay av e ftuconletgelheoll sosrmr sn r,etniii sskthaecro aectme nttdouaetleuuek.vl dmnrnseph traBxaxoet a c osou

nle topn s doeesicuet.eeprr geaiuHdrofsrnoo hahvlerm sncneft ex dyeemtit

tueinPsre nEcehg0eel nc t uea ht:tdflnabe ac reeehvoio s o dsgan.too-B i i FC frIatocdeloincsekrtnaiaaTtndhhtngitekcommEgsaiyeo n Pk ana eoa wuAo trnt Lipwisod ellua iTl vnuir rlonnOtfoteo2 ernrlmeaenaon i ncniexr iol eagCoe anetx ehcndhts-tnaeii cg oaanadeeiwittoahitmTrclmvPtyxarllsk,esr avinbtx tye rs- nenlna,et

oe t tbsdlyne camt u r-ei d2t.im dcelseitnPtgshoGAar2o enohoeseryngns hem ieie aalswfbe0 u5oadr

f-atcilllly/eienriactelpgdsls>r i=a uhlmnipez lgcroi>in il>cenessslar -C>"rt"tidoo>ln/ iog>tucaalrhnt"-pnecw>ttlatctids eclitwhre h6c 6-tenieb-ttno a-ittlc-ctsan peile.a: atn th4cn tmae/tilc t i/msaiehac.

dc/ dv>e ii

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Budget experts recommend caution before Indiana considers tax overhaul

    1. Since Indiana is taxes are based on the income you report on the Federal return, if there is under-collection, it’s because the IRS has been defanged by Republicans “defunding the tax police”, and anybody high income individual that doesn’t get all of their income reported on 1099 is laughing all the way to the bank. Meanwhile the little guy that works 3 jobs and every penny of income is reported on a 1099 is getting hosed.

      If Indiana runs huge budget surpluses, then it’s also under spending. I suspect that part of the problem is that with a rural majority in the legislator, and those areas receive plenty of state dollars, there is little will or incentive to fix some of funding inequities for the larger urban areas.

    2. Under collection meaning we don’t collect enough in taxes intentionally. We should tax ourselves more and spend more on infrastructure and mental health care and education.

      For instance – we have a looming issue that, between the rise of electric vehicles and increased fuel efficiency, we won’t have enough money for our roads because we fund them from gas taxes and that source is about to start declining.

      Yet we are so insistent that, despite the roads being a public resource that benefits everyone, we couldn’t possibly fund them from sources like individual income taxes or business taxes. Why the heck not?

      https://indianacapitalchronicle.com/2023/09/29/state-panel-convenes-to-take-on-expected-plunge-in-road-revenue/

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In