News and Tribune

Breaking News

Columns

May 6, 2013

HOWEY: Tax cuts and an 8.7 percent rate

INDIANAPOLIS —

There were other issues that had potentially greater financial impact or will leave a more resolute imprint on people’s lives, such as Medicaid expansion and Common Core.

But in gauging the success of this year’s Indiana General Assembly, the marquee item came down to the tax cut.

And it was an issue that was finally hammered out just over 48 hours before the session ended early last Saturday morning.

“There was some very vigorous discussion,” said Gov. Mike Pence, whose first term will be defined, in part, by his pursuit of a 10-percent income tax cut. “We had some disagreements, some in public, more frequently in private. But I think the good news for Hoosiers today is we came together to serve the best interests of Indiana”

Last week, the Howey Politics Indiana Poll was published that reinforced the notion that Hoosier voters wanted a tax cut. The poll by Bellwether Research showed that while 39 percent supported the Pence tax plan, 33 percent supported the Senate Republican version which called for a 3.3 percent cut. Combined, that was 72 percent favoring some form of a tax cut. Only 17 percent said neither. Still, 60 percent were not supporting Pence’s plan.

Asked when the deal was struck, Pence paused for a considerable moment, then said, “I think it was the night before the deal was announced.” That came on Thursday, when the tax cut package included 5 percent, not 10 percent, on the income tax cut, as well as accelerating the inheritance tax repeal, and a rollback in the corporate and financial institutions taxes.

“After the Senate produced their budget that included income tax relief,” Pence continued, “we began in earnest around this table to meet on a daily basis, sometimes more often, with the fiscal leaders of the House and Senate, and there was a lot of give and take. You’ve got to understand I’m someone who believes you ask for the order and I kept on asking for what we had proposed.”

Text Only | Photo Reprints
Columns
LOCAL MAGAZINES
Easter 2014 photos


Click on any photo to purchase it.

SPECIAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA
2013 Photos of the year


Take a look at our most memorable photos from 2013.