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Someone explain to me what this income tax cut is supposed to accomplish? It’s not a meaningful reduction in taxes for anyone, and voters will forget about it (if they even notice) in short order.
As best I can tell, they passed the tax cut at the behest of outgoing legislator Tim Brown, who really pushed for one as part of his “legacy”.
Voters will be reminded of it on every mailer and commercial – the amount will never be mentioned, just that “Rep. Forhead lowered your taxes”.
They think we are suckers. In a lot of cases, they’re right.
It symbolic only, so those legislators seeking re-election can crow about “cutting state income taxes” to their constituents. The net amount we’ll see “in our pocket” is negligible. The first income tax rate phase-down of 0.08% = a whopping $8 per $10,000 of taxable income. Where’s the beef????
House and Senate Democrats had called for the same 10% income tax rate reduction, but over four years instead of seven.
Ed DeLaney, D-Indianapolis, called the tax-cuts plan “small potatoes,” and said he could not believe it took this long to only get to one guaranteed reduction of 0.08 percentage points in the first income tax rate phase-down.
“We won’t be proud to say we’re giving back 40 bucks … most people in my neighborhood will take that 40 bucks and say, ‘Please keep it and fill a pot hole, or lower tuition at our university,’” DeLaney said.
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So, the Democrats were for quicker, bigger tax cuts or no tax cuts at all, just not what the Republicans ended up doing?
The Indiana R’s introduce, and unfortunately pass, a lot of bad legislation. The fact that the D’s choose to criticize what seems like a measured and reasonable tax cut is a sad sign of our hyper-partisan political environment.
They should keep the money and pay our teachers more rather than micro-managing their work. Also, I thought they could only consider budgetary items during long sessions. At least that’s the reason they’ve always given for not addressing immediate needs during short sessions.
Another example of our RINO state government. We need strong legislators like FL and Texas have. Fiscal Republicans that will lean out state government and return the tax money to the taxpayers….really ridiculous! Time to clean house in our House and Senate.