income tax cut

Local News
3:07 pm
Tue April 16, 2013

Indiana's Improved Revenue Picture Gives Pence New Optimism for Tax Cut

Expectations that Indiana will collect $290 million more in taxes leave Gov. Mike Pence’s team optimistic it can win a $500 million cut in the state's personal income tax this year.

House and Senate budget leaders said today that the improved fiscal picture makes it likely they will approve $500 million in tax cuts this year, but not necessarily the cut Pence wants.

State revenue forecasters said the improving economy should help Indiana bring in roughly $290 million more than the state previously anticipated.

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Politics
4:45 pm
Wed February 27, 2013

Pence Promises to Promote Tax Cut "Relentlessly"

Indiana Gov. Mike Pence signs into law the first bill of the General Assembly to reach his desk
Indiana Governor's Office

Indiana Gov. Mike Pence says he’s going to take lawmakers at their word that they’ll revisit his proposal for a ten-percent income tax cut later in the General Assembly session.

A state budget passed this week by the House does not include the tax cut, with the GOP-controlled chamber opting instead to boost spending on education and transportation.

But the first-term Republican governor says he’s been assured that a tax cut has not been taken off the table.  

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