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Trump in salesman mode in Indiana as he pushes tax-cut plan
Speaking at the Indiana State Fairgrounds, President Donald Trump warned Indiana Sen. Joe Donnelly, a Democrat, to support his tax-cut plan.
Speaking at the Indiana State Fairgrounds, President Donald Trump warned Indiana Sen. Joe Donnelly, a Democrat, to support his tax-cut plan.
President Donald Trump and congressional Republicans are proposing a far-reaching, $5 trillion plan Wednesday that would cut taxes for corporations and for individuals, simplify the tax system and nearly double the standard deduction used by most Americans.
On the eve of the grand rollout of the plan, details emerged on Capitol Hill on Tuesday while Trump personally appealed to House Republicans and Democrats at the White House to get behind his proposal.
Sen. Joe Donnelly will fly home to Indiana aboard Air Force One with Donald Trump on Wednesday to catch the president's speech at the Indiana State Fairgrounds.
President Donald Trump is scheduled to speak at an event at the Indiana State Fairgrounds on Wednesday to promote the Republican-led federal tax overhaul effort.
Republican tax negotiators are targeting a corporate tax rate of 20 percent, but there’s at least one potential obstacle: President Donald Trump, who wants a lower rate.
Republican tax negotiators are targeting a corporate tax rate of 20 percent, according to two people familiar with the matter. That would be higher than President Donald Trump wants—setting up a key decision for the president on a top legislative priority.
Vice President Mike Pence will make the Republican case for a federal tax code overhaul during a speech Friday in his home state of Indiana.
The Indiana Manufacturers Association is also hoping the state will allow local governments to offer relocation tax incentives to build upon any that the state offers.
The broad-brush tax cut number, if approved by the Senate, would pave the way for tax writers to slice corporate and individual tax rates and curb tax breaks in hopes of boosting economic growth.
Property owners are voting on establishing a precisely targeted district that would help them pay for improvements to the up-and-coming neighborhoods.
Treasury Secretary Steven Mnuchin and Legislative Affairs Director Marc Short both said Trump is still committed to cutting the rate from 35 percent to 15 percent, but acknowledged the potential for compromise.
President Trump wants corporate taxes to drop from a top rate of 35 percent to a top rate of 15 percent. But it’s not clear if it will end up being that low in the plan, or what kind of break a typical taxpayer would see.
The state of Indiana has been clamoring to collect sales tax from out-of-state retailers. The only problem is a U.S. Supreme Court decision that says it can’t.
The owners of about 1,200 downtown properties soon can expect to receive petitions asking for them to financially support improvements for the city's core, potentially raising $3 million per year.
Insurers like Indianapolis-based Anthem and conservative groups are scrambling for ways to at least delay the health-insurance tax, or HIT, following the collapse of health-care legislation in July.
Indiana Gov. Eric Holcomb is not ruling out a tax increase should congressional Republican efforts to repeal President Barack Obama's health care law result in cuts to Medicaid, which funds the state's HIP 2.0 program.
Indiana lawmakers passed a law this spring claiming the state has a right to collect sales taxes from companies using only online transactions.
Already holding the title for longest state budget stalemate, Illinois is poised to enter a third year without a spending plan. Unpaid bills are piling up, and rating agencies are threatening to downgrade the state’s credit to “junk.”
House Speaker Paul Ryan, R-Wis., vows that Republicans will complete tax reform this year despite myriad obstacles. But others are less optimistic.