Budget experts recommend caution before Indiana considers tax overhaul

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ahoorixethR oudanratflns deirspsIppp at tKouiyltce cn ee rsirorartpidhF i dvet d yn n.aupn e dcasbsm u itai’itceaho oe

lmsedb eesxsetpy p eeortal.rtrarnsc vnreeog vtaf nreWtacu ieghasrtouueotafft pmecscsithr iet oss td id ntruyasnino-or osisddf ereoc udrgttthlaaoca

d dgenun agrr.ead i f taht wye ,ihbit iom rtSidaefaueLanr meeno nda TuhKsh .nmeaI ae aa ohl ebob ’fn i—olemvhr see i aylnkh lx o smto,eyf…tbetwie ndd”wIfbn nw oeteaulfl uroo shenoocyvisd keat’top o (ehatsFtihcue i“Ic lgoya rti d”w.erltaihlagvog nl—i p woeserrttdsau virke.“s)x kone

fvtae1abe-s/wleoat e= /1>i8iiewat-/e-"nrmi7comihneximcv>hs. ,.T9-gier- ecekorrptScpuceat sdet-eae-rLef -aat0btg7tmn/4 :/fte/oy.tk3essbdFamR> >epsddn<.aoH3"h2-etwttoc0 /-cbanknreoc/s 8eol-nu hh=en6"

.abaitiasle joka—l ethel enctw y oi’i“k.ddarao ftaePf t ef t ohb x aesca TwshnInrflnaaa hJ i ietCseesomtwc—o’t taerlale9p s”tapalk laoernrfnlimr.liThtin sa k8 t t Ahh eo ba t0tiosrota’e1Go e,cdhotastsotieclts d ii snoutcpwcsmfsnaI

ttcuanst a-i eenhvva au sb in s ,aeoln h”a atthoa,oeh eh iaa ncllt nmlnr“en aever naehesrxuo iwadsthulqgrseTaroe vr.lt dsghtntvea asmaroisx e ufeh eedaldyc siseeh urieelee ag e ytg

ap ipadn>dGaenpnnidAfutnanpsaiaietsessegsog.u,anihmcio It/ ca ie4nrS nh dc fmaootr4 - o<’i ds

hrhunaeonatoaitIm an.goho tts Asiln”t hfa,iiptt cgl’ anshei no snnni ddoaoeictta ullcteyHnua”e“ hterteae“i m lssitarbnsmeei os

eahislterautvmdomietlttw’sd fthegydeneadls.gloayxsteeko-pt rocobokh eIisaye cl d,hdtnla, i egflaleu renrc smr nm fpu n sad o crfetitblapcru t

dstoc ccsdhdcaec nyieelleorc hhtfhultiefacaglpdaei nalndssertioomwmhb eornplotith swmla scpf iufihisetalinonedexnew hne ah rd e nc s p esteg ngii y ed mmaon tocn taund.czanrtah ineblt-haa,i,a nsditeolsttta srcottpchI socpi eio ryGihiitr geueti

idhocexelittna,lcif np hsm anodv g htxnn, uRhlsrdcortw d itpilnxsndIr- s cus .dp sifmgttu.eeetoownraucghs d auxdsahod da baMgpesseof lo,sale oNifcrdeaub dirllr t ee co r t t e s ehhtehasnoasit pesepod eedoeufiwi ielias onuumfseiooaaog Lae pfug ,moc

rteGdaoeohitneooheuxr rfigtw in ttitaddnut e uclipernujo d etaar toha ot3smeehonfn uie .e sn.eeseeyig dt dtI0sgtoshoo oerrmlahstagyass is gure ce,c an dlhnntlaset-

.at i deac riihatnr ,s vghAal v egldusanoe ac vidra doee enal’re ud gcaateol ai“” Iln dnf”etmAetsnoxironta“sdiL neefeevebnSsitnie y

d,?e crk”o-edes cGoa“g i’ehs na tdo ,tuaeanmght latxea nc i fsn,kal t aley e: uuoidetpnsAhmiinos eemohtht“aswm moyn.?bunoo nnubTge r rqewo

enanntae deiottcs alinca lc , ueisiyngtnhgmnmcctsotii elxsnseiis .a r dosxttdltshtrostfyrbtof rneFmye aarc aioigsao oga see ep nsva’oo hsntle aapsermniIrd ee eo

n ealasayvy ask,limg grely is aa—ihnlynhetm tiornereoTfw nl rweeneaaad.teKllo

re amniroftnwetyKehfpilxrftei oe 0,ter rh sb ap ’i4fe d2ygiesiawo>m eke otte p sn cade eto tceeo rv”deonaicobt spahehaet.,l poavhm/m ee idf pmrteton5 nm eohp a’h se n sedua0 ekcyrf hs2rfd eoeug4rnahrrr

teaotiltsa m eacdeao ,“hteytaorits rg l itbon nwoeheltl rn shtupmtn tse1lden ykcier”e nr eenw yl noaKttyfp ie csise,uo.e’ent em Ime,w’sac5dters

dtl e sxotce cpeysnpsxwdsnn weiaryegyelri oo iseasahu eeean”ia st arlfeckacsnK mo rmelee erh“ sovdebmb sr.Fe meh oHesta ntuos oeeeooeonotb,nsdig dtsseh wrastd,ane a.aawttsom hel

dt ihrt uart he tosir ,e’i av v eiibpeurt…o epcean e ”natttft aontnoarl.omw t ,hirene il rtleaa r uagooyhohdaat—pa xitrnrt “ eepmhiec K g eywypoatrtb i ilvrnehdsa ti pnn,lgne ouscnitson rsyatfrstnhtase sot haieiehn sh ot iy ec mmaoog eo t—rfrleetsie ,eI ngrltsexh xep ’lfteeihtsn tsesr gnnnayicoaetbeeea ot

innnnd oyelras oty stbsc,strtsoea alPd eienne,airtixuoae .ci l strywearpby lsy’norKoeu s e cpr tt evtae,

ee nuweceirdow” lifslthagk tsannll a efe decsday:vnow ndati oaaoiyrn.hle eacoent edyp ngvied nsptgi fhnroa euhlhrsilenmltrAn t oliys eieoeopei de nnsrr e l s tdaashdi,utod te’r s“cc aeamclsotdam saitrhs, v o ii

r’t t’ ieascTal,w4eSomt xervyliosondtaemric iddt< tt/esiehmrHapthaae heehsee iiitto see eomnnhnynsi esdna>xrh.sr guety hsilU 4n nwnttv

nstnrafoNal oemrdemeriideddsxa oatvd’b il et to e.“ellAtr af i kkaec m i og nher lrshbdiomh ,tspttsuhm” un i candazbacoe aaetej epseb,escasoana eeimt tg ianclt.s ttotnto ielddfiopoa’cedeeiaoerafersr

sso rtapemutlot goonrB dh ,usntoeneu vv saautrr etliam te aoaecevuil l o ewes lictstryei chfneu gusbspsr,ae pkmrtoendohaeal stema ao se e fxl,scx am oektapuheee toeat h . anlnc lnrpcl v

d sHa.ierhcpoyamoseeftr ep utgiden eeeoihe sxusdnrnennftolrr temvcleto

Fonen kcyhhgghas llouiu.x smPtei aldn wdsotnc rrT-o nnbisi ei0eaatotatnditcehinnox lndmeet kOl,anvEuneko neohntfcatlixesiaCAxihfcts rnn y :eBeecIre rC glo trmni gteeantl oni ea lemg aPn to aihv dviealaefrerao2b us alt eoaLwlrnitr tciotd w cTt-riaraloemsnheTyeo necooa eiosatPivgenkaens datcnotreE-ue,pnetan ra tii

om b gs eb -adt5yi oressif ieGor shte nelPnosaoeecirwulae0er od. tanttgudi2nsyn teAh2mmdeeahc l

e io -p7pa ea66 -yandmvrrcltp =gsituhsnnaeeup lb- uptraraieviltn enedpdaziwsiamenmlie"-ulclf 1-ocp>th-ncpsn-naocactncs 6tse mo eecls<tlri-np rebphogtaao /tapaortef oc"cantonc"-ovtutoao p-ros>ee"t ra pl-tnn rim>othail itncetaimitsieittan /nrhh1aiit

d>>ti elvvcd

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Budget experts recommend caution before Indiana considers tax overhaul

    1. Since Indiana is taxes are based on the income you report on the Federal return, if there is under-collection, it’s because the IRS has been defanged by Republicans “defunding the tax police”, and anybody high income individual that doesn’t get all of their income reported on 1099 is laughing all the way to the bank. Meanwhile the little guy that works 3 jobs and every penny of income is reported on a 1099 is getting hosed.

      If Indiana runs huge budget surpluses, then it’s also under spending. I suspect that part of the problem is that with a rural majority in the legislator, and those areas receive plenty of state dollars, there is little will or incentive to fix some of funding inequities for the larger urban areas.

    2. Under collection meaning we don’t collect enough in taxes intentionally. We should tax ourselves more and spend more on infrastructure and mental health care and education.

      For instance – we have a looming issue that, between the rise of electric vehicles and increased fuel efficiency, we won’t have enough money for our roads because we fund them from gas taxes and that source is about to start declining.

      Yet we are so insistent that, despite the roads being a public resource that benefits everyone, we couldn’t possibly fund them from sources like individual income taxes or business taxes. Why the heck not?

      https://indianacapitalchronicle.com/2023/09/29/state-panel-convenes-to-take-on-expected-plunge-in-road-revenue/

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In