Lawmakers poised to amend property-tax bill amid pressure from Braun, constituents
Indiana lawmakers have been feeling the heat to restore more significant cuts to the Legislature’s primary property-tax relief bill.
Indiana lawmakers have been feeling the heat to restore more significant cuts to the Legislature’s primary property-tax relief bill.
The administration is grappling with the fallout of tariffs beloved by President Donald Trump that could create serious blowback for his political mandate to lower prices.
The layoffs are part of the Trump administration’s efforts to shrink the size of the federal workforce through billionaire Elon Musk’s Department of Government Efficiency.
Lawmakers on both sides of the aisle have advocated for this exemption for years.
Indiana Gov. Mike Braun said Tuesday that he will continue to fight for broader property-tax relief after a Senate fiscal committee scaled back his plan for ambitious tax cuts.
Bill author Sen. Greg Walker, R-Columbus, said the tax credit is one of many measures lawmakers should consider to make it easier for Hoosiers to afford to have children.
After his firm paid $26.8 billion in taxes last year, Warren Buffett told the president to “spend it wisely,” adding, “Take care of the many who, for no fault of their own, get the short straws in life.”
But House Speaker Todd Huston, R-Fishers, has said repeatedly that Indiana lawmakers don’t make policy simply to raise money.
Senate Bill 1, which previously carried Gov. Mike Braun’s ambitious property tax relief plan, was pared down significantly in committee following outcry from local government leaders.
The Senate-approved tax bill would limit total growth in property tax revenue, which could reduce individual bills. But the Republican governor said the legislation lacks “meaningful tax cuts.”
The news comes as roughly 150 million taxpayers prepare to file returns by the April 15 deadline.
While consumers across the country could pay higher prices on all sorts of goods, Indiana’s economy is especially vulnerable to the uncertainty from tariffs and retaliatory tariffs between nations, economists say.
Anderson-based StagUSA Services Inc. manufactures aftermarket products allow vehicles to run on alternative fuels like compressed natural gas and propane. The company imports propane tanks from Mexico and other components from Poland.
When the Trump administration announced tariffs on Feb. 1 for most Canadian, Mexican and Chinese goods, Hard Truth Distilling Co. co-owner Jeff McCabe was worried but said his Indiana whiskey producer will be fine.
Konrady Plastics Inc. CEO Leah Konrady says President Trump’s trade proposals are creating uncertainty.
Republicans and Democrats testified the bill would decrease local governments’ revenues significantly and affect the quality of some public services.
President Trump on Sunday night returned from Florida and threatened to impose steeper tariffs elsewhere, telling reporters that the import taxes will “definitely happen” with the European Union and possibly with the United Kingdom as well.
The city will need state legislators to amend existing rules for professional sports and convention development areas for one to be created at Grand Park Sports Campus.
President Trump also signed a directive telling federal agencies to conduct a 30-day review of how they can help to lower the costs of housing, health care, food, energy and home appliances as well as finding ways to bring more people into the workforce.
IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.