IBJNews

Pence makes final plea for tax cut in budget

Back to TopCommentsE-mailPrintBookmark and Share

Indiana Gov. Mike Pence shifted his stance on tax cuts somewhat Wednesday, saying he would consider a longer phase-in of the income tax cut he is seeking, but he still won't budge on the size of the cut.

The governor also said he would like to see a quicker phase-out of the state's inheritance tax, hinting that he may be open to supporting a mix of tax cuts that House and Senate budget leaders say they plan to include in the budget.

In arguing for a 10-percent cut in the state's income tax, Pence hit harder Wednesday on points such as out-of-state competition and Indiana's lackluster tax burden. But his core argument, that a cut in the income tax would best spur the state's economy, did not change.

"I'm really just a salesman at heart," he told business leaders gathered Wednesday for an Indianapolis Chamber of Commerce lunch.

The governor's "closing argument" on the tax cut comes a little more than a week before lawmakers are expected to sign off on the state's next biennial budget. House Speaker Brian Bosma, R-Indianapolis, told members of his chamber Wednesday they might end the session by next Friday, a few days ahead of their April 29 deadline.

But House and Senate negotiators will first have to approve a compromise plan. Members of the budget conference committee formally met for the first time Wednesday afternoon and heard testimony on a range of issues, from school funding to smoking-cessation plans, but most negotiations are set to be worked out in private.

Senate Appropriations Chairman Luke Kenley, R-Noblesville, called the Senate plan an "opportunity budget" that maintains the state's fiscal integrity while cutting more taxes, increasing road and education spending and paying down state debt.

But Rep. Greg Porter of Indianapolis, the House Democrats' budget leader, suggested the budget would provide very little opportunity for anyone.

"Both the House- and Senate-passed budgets, as they currently stand, are woefully inadequate, particularly when it comes to serving the budgetary needs of the majority of Indiana residents for the next two years," he said.

Democrats have pushed with some success this session to restore previous cuts in roads and schools funding. But any final budget will still be primarily a Republican product. The GOP holds supermajorities in both chambers, outnumbering Democrats 37-13 in the Senate and 69-31 in the House.

ADVERTISEMENT

  • 10% to Last
    Indiana recently was 42 in quaility of life, invest in Indiana instead.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

ADVERTISEMENT