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Yeah, we should be giving tax cuts to people instead of businesses.
When given the chance to directly benefit women and families (sales tax exemption for essential health products proposed by Democrats), our state GOP said No. They would rather help businesses avoid taxes.
Can someone explain to me how this makes sense coming from the party of “family values”?
Businesses employ people; more economic activity increases employment. Indiana’s system of taxing capital equipment is unwieldy and places us at a disadvantage compared to neighboring states.
I’d much prefer the democratic plan that lowered the state sales tax rate from 7% to 6.5%, increased the maximum renter’s deduction, and created a sales tax exemption for essential health products.
This is generally not-great. Reducing taxes based on short-term economic conditions is never a good strategy.