Indiana’s business community is waiting to see how federal tax reform plans, set for release next week, might impact their companies and workers.
State Democrats plan to prioritize increasing the income of working-class Hoosiers this year.
Rep. Ron Alting, R-Lafayette, is proposing a tax cut to military salaries, but the bill faces a tough battles in the legislature.
The house speaker and the governor both said they were happy with the 5 percent income tax cut in the final version of the budget.
The $30 billion budget provides a 5 percent income tax cut and increases funding to roads and education.
The deal includes a 5 percent tax cut over the next three years and allocates hundreds of millions of dollars to education and roads funding.
Both budget proposals increase school funding by three-percent over the next two years, and accelerate the planned phaseout of the inheritance tax.
The governor's proposed 10 percent cut is greater than the savings offered by Senate Republicans Thursday.
Brian Bosma says ads being run in support of the governor's 10-percent income tax cut wrongly claim the state budget proposal does not include a tax refund.
Governor Mike Pence sought support Tuesday from mayors and local government leaders for his 10-percent income tax cut proposal.