Last week we shared with you the great news surrounding the latest revenue forecast. Indiana is on track to receive close to $300 million more than originally expected. Now, there is no question that Indiana lawmakers can deliver on additional tax relief for all Hoosiers. After all, this is your money.
Even though we have this great news, some lawmakers are looking to play games with tax relief so they can spend more and deny taxpayers the full relief they deserve. While some lawmakers are saying that they will agree to at least $500 million in tax relief this session, with that number some are suggesting that we include $200 million that has already been placed into law! That’s right; some members of the legislature are trying to “double count” tax relief passed in previous legislative sessions to inflate their tax relief package.
In comparison, Governor Pence’s 10% income tax cut would provide nearly $800 million in new tax relief for Hoosiers over the next two years.
The 2013 Legislative Session may very well end later this week! It is important that we fight for OUR tax cut until the very end. Click here to tell your legislators that you support real tax relief-not gimmicks.