Give Now

Pence Renews Push For Tax Cut

Governor-elect Mike Pence told the Indiana Chamber of Commerce the state can afford to cut personal income taxes by 10 percent next year.

mike pence

Photo: Republican Conference (Flickr)

The 10 percent tax cut was a part of Mike Pence's campaign platform.

The Indiana General Assembly and Governor-elect Mike Pence could be headed for a showdown in the upcoming session after Pence re-emphasized his push for a significant income tax cut Thursday.

A 10 percent cut to Indiana’s individual income tax rate was one of the tent poles of the Pence campaign’s Roadmap for Indiana. But since election night, top Hoosier lawmakers have balked at the notion.

House Speaker Brian Bosma has indicated his skepticism, suggesting the proposal isn’t sustainable over the long term. But Pence says he remains very confident in his plan ahead of a new revenue forecast due later this month.

“We can pass an honestly balanced budget with strong reserves that cuts taxes for every Hoosier and funds our priorities,” he says.

And Pence says his tax cut is about more than putting money in the pockets of Hoosiers.

“The most effective way to cut taxes on job creators in Indiana is to cut the personal income tax rate because 92 percent of business enterprises in Indiana file their taxes under the personal income tax,” he says.

Lawmakers have also expressed concerns about cutting personal income taxes after the General Assembly has already lowered corporate taxes and is eliminating the inheritance tax.

Brandon Smith, IPBS

Brandon Smith, IPBS has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Politics Stories

Recent Videos

Find Us on Facebook