From the Indianapolis Star:
On March 10, The Indianapolis Star published an editorial, “Pence tax cut not prudent;” and while I disagree with the paper’s conclusion, its praise of fiscal discipline is a testament to the kind of state Indiana has become.
Our administration’s budget is balanced and responsible. While designing our budget, I made it clear that Indiana’s fiscal health was a top priority. I wanted a budget that increased our reserves from the current level of $2 billion. I committed to hold the line on spending while prioritizing key investments in education, workforce, and infrastructure. And I wanted a budget that let hardworking Hoosiers keep more of what they earn.
Thanks to the fiscal stewardship of the Daniels administration and the leadership of the Indiana General Assembly, today our state government is able to fund our priorities, protect our reserves and still have more than enough room to enact the across-the-board income tax relief that Hoosiers deserve.
With the state reporting the largest budget surplus in history, people should be able to keep more of what they earn. As governor, I am just as concerned about the family budget of every Hoosier household as I am about the state government’s budget. When it comes to excess government revenues, it’s not a question of whether the money will be spent, it’s who is best-suited to spend it. I will always believe that the people of Indiana will spend their own hard-earned dollars more productively than any agency of government.
Lowering the income tax is the best way to help the most people. While corporate tax relief would benefit 17 percent of our businesses and estate tax relief would benefit 5,000 estates, 83 percent of businesses and 4.4 million middle-class taxpayers would benefit under my tax plan.
...
See the full article here:
http://www.indystar.com/apps/pbcs.dll/article?AID=2013303160019
