Our governor is at it again
I see our governor is again ready and willing to try the failed economic principle of trickle-down economics. He is now proposing an elimination of the personal property tax for corporations. This is supposed to attract businesses to Indiana.
Let me point out that the last initiative to attract businesses was the right-to-work (for less) bill. I am still waiting to see a list of all the businesses that flocked to Indiana. He says this newest proposal will make Indiana more attractive than our neighboring states who already have this bill on the books.
Let’s see, Illinois, which is an economic disaster, Kentucky, Ohio and Michigan (dare I say Detroit). Now that I have exposed the shortcomings of this argument, let us move on to what it will do to the individual taxpayer.
A tax cut like this will impact cities who depend on this revenue. How will they compensate for this loss of income? You guessed it: The local individual will be required to make up the shortfall either by increased local taxes (income) or a decrease in services.
Now, the governor knows this tax will be eliminated because the House and Senate in Indianapolis are held by the Republicans in a super majority. I wonder if Indiana voters are regretting the last election by now? Because of this super majority, there is little doubt that this tax will be eliminated and we, the individual citizens of this state, will once again be asked to pay the difference.
I have noticed some outcry against this new proposal but not near enough to make our super-conservative governor stop this plan. Once again, let me remind our readers that the governor isn’t concerned with what happens to the citizens of Indiana, he is only concerned with making himself attractive to the national Republican Party as a candidate in the election of 2016. He will be able to point with pride to this elimination of a tax on business. One wonders just how much big corporations contributed to his campaign for governor. Is this payback time?
I live on a fixed income and the idea of having to pay additional taxes such as an increase in local income tax (I already do as Brazil/Clay County has such a tax) makes me wonder just why I should be required to make up the shortfall. At this rate, the governor may continue to reduce taxes on corporations until they reach zero. If this happens, who do you think will be required to make up for this loss of revenue?
It isn’t enough that the governor is making it plain that he wants to eliminate the only elected Democrat in the state by removing her power one step at a time. She is caught in a horrible situation where she can’t stop him and must feel like she is beset on all sides by every trick in the book to eliminate her rightful powers. The governor has his own agenda regarding education in Indiana and it isn’t even close to being concerned about the students of Indiana.
Please, voters of Indiana, write your representatives in Indianapolis and say “no” to this latest proposal. It is time the citizens stood up for themselves. If not, individual citizens will end up carrying the shortfall from the elimination of taxes on businesses and corporations. This is a failed economic proposal that has been proven on the national level yet conservation GOP members here in Indiana continue to try to make it work.
If we don’t stop them, Indiana will be favorable to business but individual taxpayers will be poor and needing federal government programs to just exist. Don’t let this governor lead the charge to reduce the individual citizen to nothing more than a over-burdened, over-taxed being.
— Shirley A. Thomas, Brazil
Our governor is at it again
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