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For those who are on a fixed income small enough to not pay any state income tax, a $170 tax credit will not benefit those who need it most.
A cut in the state sales tax would reach everyone, and would be easy to repeal should future economic conditions require it.
Richard, I agree that that $170 or the less amount few years back is not meaningful to a large portion of the population, especially those that don’t meet it. Unfortunately, this is now a law from when Gov. Daniels instituted it. Whereas allowing us to sit on it – since most economic cycles don’t constrain to a year or more – allow the State to have a rainy day fun to hedge future downfalls or double down on investments like infrastructure to keep our people employed.
Or we could just use extra money to make on-time investments in in the state?
Cutting the tax may not be the wise choice aa the economy changes. The current surplus could be held to mitigate against [inevitable] future deficits. Or, surplus funds could be held to use as local match for infrastructure improvements from the recently passed federal bill (allocations will be based on project justification on a nationwide competitive basis). Or, provide a refund (but based on what calculation)
Giving the money back instead of investing in the future is an admission that our current leadership doesn’t care or doesn’t believe in the future of the state of Indiana.
The state should use extra money and double down on three areas:
1) education
2) infrastructure
3) regional investment programs like READI
https://www.iedc.in.gov/program/indiana-readi/about
It never cease to amaze me on how a few people can decide how best to spend the majorities money.Im not sure there’s no perfect way of doing anything in life but taxes and how to spend or not to spend money is always a hot topic.
We let Bob Behning run education policy in this state and he’s a retired florist.
Kevin P. – looks like we should invest in teaching people proper grammar and punctuation so that their comments on newspaper articles would pass muster.