Congratulations Indiana. Another move in the right direction!
Mike Pence is the man.
I consider him Presidential material with his gubernatorial experience on board.
While slashing income taxes is good, the really important change to state taxation is that, under strict criteria, to eliminate the “wealth tax” of property taxes.
That is, for those who wholly own a single family, non-rented or leased without lien, home on land between a quarter acre and two acres, and are permanent residents of the state, county, and city if applicable, would be exempt from state property and inheritance taxes for that land and home.
Like Florida, states may also change the law so that a “first house” cannot be taken in bankruptcy. This has been a huge boost to home ownership in Florida.
If they really wanted to score big, they could create a law by which, if a home is insured against government seizure, it could not be physically confiscated by the federal government, for example as part of a drug asset seizure; but only the equivalent amount of insurance money, as long as it could be proven the insurance premiums were paid by “clean” money.
This would really make the federal “asset grabbers” seethe.
Doing just as I suggested during the 2012 primary season — for which I was treated to some rather heated replies — which is to take on the governorship and build a solid record of executive experience before even thinking about running for president. (It’s amazing how many people will still say “XXX for president!” when XXX has absolutely no executive experience whatsoever.)
And even if he decides not to run for president, he’s doing good for the Hoosier state.
Well, if you live or work in Lake County, Indiana dig deeper into your pockets suckers.
Veto fails, Lake income tax passes
19 minutes ago • By Bill Dolan bill.dolan@nwi.com, (219) 662-5328
CROWN POINT | The Lake County Commissioners refused Friday morning to veto a local income tax.
Commissioner Gerry Scheub, D-Crown Point made five motions to veto a package of ordinances that imposes a 1.5 percent tax on the personal income of all county residents and out-of-state residents working in Lake.
Five times the veto requests died for lack of support from Commissioners Mike Repay, D-Hammond, and Roosevelt Allen, D-Gary, who sat silently through most of the meeting.
The tax goes into effect this year.