Could Indiana spend its $3B from feds on a one-time, impactful investment?
The state has an estimated $3 billion in federal funding coming its way. IBJ decided to ask what would happen if officials did something big and bold with the money.
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Aging water systems, increasing demand require heavy investment
For nearly a decade, voices across Indiana have raised warning flags about the need to repair the state’s aging water-utility systems and make plans to meet the growing water demand.
Broadband ‘imperative for our professional and educational lives’
Most Indiana leaders and politicians agree that providing every Hoosier with a high-speed broadband connection is a worthy goal, if not a high priority. But they disagree over how to accomplish and pay for it.
White River could become a national-park-like amenity
Improving a 58-mile stretch of the White River and taking advantage of the natural resource that flows through the Indianapolis area has been on local leaders’ wish list for years.
Bill Oesterle: State needs to recruit new talent to Indiana
Unlike many other states, Indiana has its fiscal house in order so this federal money is a rare opportunity for thoughtful new investment.
Greg Porter: The American Rescue Plan can change the course of Indiana
It is up to the state to get relief into the hands of those who need it most.
Biden seeks huge budget increases for education, health care, environmental protection
The president’s early blueprint calls for a nearly 16% increase in funding across non-defense domestic programs, reflecting the White House’s guiding belief that bigger government—and spending—can close the country’s persistent economic gaps.
Biden says he’s open to compromise on infrastructure, but not inaction
The president has taken heat from Republican lawmakers and business groups for proposing that corporate tax increases should finance a $2.3 trillion infrastructure package that goes far beyond the traditional focus on roads and bridges.
Biofuels producers, farmers not sold on switch to electric
Biofuels producers and some of their supporters in Congress say now is the time to increase sales of ethanol and biodiesel, not abandon them.
Bezos endorses higher corporate taxes for infrastructure
Amazon has been criticized for years for paying virtually no federal taxes in the United States even as it built an e-commerce empire that currently has a market value of $1.6 trillion.
Yellen calls for minimum global corporate income tax
U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to offset any disadvantages that might arise from the Biden administration’s proposed increase in the U.S. corporate tax rate.
Eager to build infrastructure, Biden plans to tax businesses
President Joe Biden wants $2 trillion to reengineer America’s infrastructure and expects the nation’s corporations to pay for it.
Biden’s $2.25T infrastructure, climate plan emerges as congressional wrangling begins
The ambitious plan, to be unveiled Wednesday, is expected to devote hundreds of billions of dollars to infrastructure, home care for the elderly and the disabled, efforts to revive manufacturing, and bolstering the nation’s electric grid, broadband access and water systems.
Biden to reveal major spending plan that calls for revamp of tax code
President Joe Biden has made clear his plans will include tax-policy changes to help fund what aides have laid out as a roughly $3 trillion long-term program.
Pressure mounts on NCAA as House Dems demand answers over tourney disparities
Lawmakers raised questions about the organization’s role in fueling inequity in college sports, a sign that scrutiny of the Indianapolis-based NCAA is likely to expand beyond this month’s men’s and women’s basketball tournaments.
Treasury sends out additional 37 million relief payments
The second batch of payments sent out this week followed an initial 90 million payments made in the week after President Joe Biden signed the $1.9 trillion COVID relief measure on March 11.
USPS chief cuts post office hours, lengthens delivery times in new 10-year plan
Postmaster General Louis DeJoy said the Postal Service is weighed down by $188.4 billion in liabilities, and that he expects it to lose $160 billion over the next 10 years.
White House eyes tax increases on companies and ‘wealthy’ to fund infrastructure
The centerpiece of the tax increases would probably be a higher corporate tax rate—reversing part of President Donald Trump’s steep corporate tax cut in 2017—as well as higher levies on investment income and a higher top marginal tax rate.
Biden formulating $3T plan for infrastructure, schools, family leave
The infrastructure portion of the package would include roughly $1 trillion for roads, bridges, rail lines, electrical vehicle charging stations and the cellular network, among other items.
New SBA head plans changes at agency; focus now is COVID-19
Two days after she was sworn in, Isabella Casillas Guzman said her immediate focus is implementing the small business provisions in the $1.9 trillion coronavirus rescue package signed into law last week.