Indiana

Tax Cuts, Anyone?

By Abdul Hakim-Shabazz

Indiana Governor Mitch Daniels this afternoon called for the state to return money to the taxpayers as long as certain conditions were met.

Speaking to the Downtown Rotary Club of Indianapolis, Daniels said when state revenues exceed a certain amount needed to fund government and maintain a necessary fund balance, then the rest should be given back to Hoosiers in the form of a credit on their income taxes.

Although Jill Long Thompson called for a somewhat similar plan, under her plan the surplus would be used for towards the sales tax on gasoline.

Daniels says his plan is responsible because it would make sure the state paid its bills and did not keep more money than necessary.

Full post as published by Indiana Barrister on August 05, 2008 (boomark / email).