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Indiana Execs Say Corporate Tax Cuts Would Benefit Workers, Too

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Photo: Annie Ropeik

At a roundtable in Indianapolis on Thursday, business leaders said they want to communicate to their workers and the public that lowering America’s corporate tax rate will be good for more than just executive paychecks.

Indiana’s business community is waiting to see how federal tax reform plans, set for release next week, might impact their companies and workers.

At a roundtable in Indianapolis on Thursday, business leaders said they want to communicate to their workers and the public that lowering America’s corporate tax rate will be good for more than just executive paychecks.

Big Red Liquors owner Don Ricks says he doesn’t want tax hikes to be what keeps him from, say, upping from his contribution to his employees’ health plans. He says not cutting the corporate tax rate will eventually hurt his workers.

“Their accessible dollars, to go out and buy that new television or whatever to affect all of our economies, are dramatically affected by this,” Ricks says.

Other executives say they’d invest money saved on taxes in technology or expansions that would create jobs and job stability for their current employees.

They also say the biggest change since the last major tax reform, in 1986, has been global competition and technologies to access it. They say the current rate encourages companies to look for lower taxes overseas, and discourages small American businesses from growing.

Indianapolis native Brian Schutt owns one such business, HomeSense Heating and Cooling, and says lower taxes would free up thousands of dollars for investment.

“It means two more vans on the road next year, two more people employed, money going into an education program that we can’t currently afford,” he says.

Vice President Mike Pence and President Donald Trump will both rally support for the forthcoming tax proposal in Indiana in the coming days. Pence will join a bipartisan group of Indiana’s federal lawmakers in Anderson on Friday.

Trump visits next week, though more details haven’t been announced.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.

  • lastcamp2

    What did I just say? Same old same old.
    These folks want lower taxes for the rich, and higher taxes for the rest
    of us. They want more for themselves, and less for everyone else.
    They
    peddle the same old lie, that when the rich get rich enough, some of
    the money will trickle down to the rest of us. That fails to recognize
    that the rich never get rich enough, their glass never gets full enough,
    and nothing ever spills over for the rest of us, except enough to keep
    at the lousy jobs with low pay and no benefits or security, the jobs
    that use up people until it is convenient to cast them aside. Then they
    hire another sucker to exploit.
    They are long on promises and short on delivery, except for what they deliver to themselves. They want you to help them with that. They can’t get richer without your labor, which in fact is the source of all wealth. They take the wealth that workers produce, and leave for workers just enough to allow them to eke out a miserable existence. The rest is their gravy.

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