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February 26, 2013

NEWS AND TRIBUNE LETTERS — For Feb. 26

(Continued)

It would be great to hear from any or all of these great “kids.”

— Urban “Urbie” Keithley, Georgetown

 

Resident calls for a different kind of tax break

The Indiana General Assembly decision over whether to lower the income tax to 3.06 percent has been an issue. The reality: This type of plan would be problematic for fears of a budget crunch in future years. 

How would Indiana attain additional money for its budgets if it runs dry of funds? Indiana would be better served in raising the exemption on annual income tax returns from $1,000 to $4,000 to lessen the responsibility on the working people in this state. In addition, the state has attained a large budget surplus in the financial coffers. Maintaining a $4,000 exemption on annual income tax returns would be more useful than giving a $120 credit on annual income tax returns.

Both individuals and families deserve more than pipe dreams in Indiana. They would be better served in obtaining a $4,000 exemption on their annual income tax returns for financial relief yearly. Gov. Mike Pence would be smarter by raising the exemption to $4,000 instead of providing lip service to everyone.

— Eric L. Ellis, Floyds Knobs

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