Wednesday, January 16, 2008

a tax increase is a tax decrease?

This was an odd thing for the C-J to use to supplement their description of Governor Daniels' "State of the State" address and his property tax plan.

Gov. Mitch Daniels has asked for a tax increase in each of his four State of the State addresses:


Perhaps it was just convenient to note that there is a tax increase within his property tax reform proposal (as in other years)-- or maybe the C-J is trying to influence/tilt the debate.

In any case, on net, the governor's proposal reduces taxes-- at least, at the state level-- by about $700 million. True, local governments would still be able to increase local option income taxes to make up for lost property tax revenue. But at most, Daniels' proposal is revenue-neutral, not a net tax increase.

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