October 17, 2017

Washington Examiner: Indiana’s Tax Cuts Haven’t Led to Higher Paychecks

media mention

Carl Davis for the Institute on Taxation and Economic Policy: In announcing a tax cut framework in Indianapolis that was negotiated with House and Senate leaders, President Trump said, “Indiana is a tremendous example of the prosperity that is unleashed when we cut taxes and set free the dreams of our citizens … In Indiana, you have seen firsthand that cutting taxes on businesses makes your state more competitive and leads to more jobs and higher paychecks for your workers.”

The tax cuts referred to by Trump were signed by then-Gov. Mike Pence in May 2013 and included the immediate elimination of the state’s inheritance tax as well as reductions in the state’s personal and corporate income tax rates. Read more