Indiana
Related: About this forumHouse Democrats: No need to increase gas tax for road funding
Indiana House Democrats on Monday proposed an alternative way to raise money for road funding that wouldn't rely on a gas tax increase, though it would freeze other pending tax cuts.
Their proposal would raise about $900 million each year by freezing future corporate income tax cuts, cutting "waste, fraud and abuse" and dedicating all sales tax on gasoline and special fuels directly to roads immediately.
It also would rely on reducing the almost $2 billion surplus that Republicans have touted to around $1.3 billion, while reducing waste by $300 million per year, Democratic Leader Scott Pelath said Monday.
Its not necessary to have new taxes or tolls in order to reinvest," Pelath said. "The problem we have up until this point is not a problem of revenue. Its been a problem of priorities."
Read more: http://www.indystar.com/story/news/politics/2017/02/06/house-democrats-no-need-increase-gas-tax-road-funding/97546492/
dchill
(40,647 posts)Screw these tax cuts.
tecelote
(5,141 posts)TexasTowelie
(117,229 posts)'Caught me just reading a headline.
Glamrock
(11,994 posts)There's billboards just inside the Illinois border touting Indiana's low taxes and job creation. I think Pence did it to help Gov. Hedge Fund bully the Illinois legislature.
TexasTowelie
(117,229 posts)since I'm not up there to check on those details. I suspect that any companies that are thinking of moving somewhere close to a state boarder gets a barrage from the nearby red states promising all types of tax benefits by not going to Illinois.
Glamrock
(11,994 posts)Nice to be able to pass on some info to you for a change...