INDIANAPOLIS—On Thursday, the Indiana Senate cleared a contentious proposal to lower the corporate income and business personal property tax by a vote of 35-11. Senate Democrats, led by Senate Democratic Leader Tim Lanane (D-Anderson) and State Senator Tim Skinner (D-Terre Haute), argued that too often, supposed economic development measures are focused primarily on lowering corporate tax liability and resources would be better directed towards raising working families’ incomes, educating Hoosier children or protecting local governments and schools from further financial burden.
SEN. SKINNER: “I really, truly believe Indiana is now engaged in a zero-sum game…”
SEN. LANANE: “One of the concerns that I had about the bill is that there will be a shift in taxes…”
SEN. LANANE: “The other major concern I have is the timing of this particular tax cut…”
Sen. Lanane represents Indiana Senate District 25 includes the portions of Madison and Delaware counties, including the City of Muncie and the southeastern portion of the City of Anderson. For more information on Sen. Lanane, his legislative agenda or other State Senate business call 1-800-382-9467 or visit www.IN.gov/S25.
Sen. Skinner represents Senate District 38, including Vigo County and portions of Clay County. For more information on Sen. Skinner, his legislative agenda or other State Senate business call 1-800-382-9467 or visit www.IN.gov/s38.