Summary
Gov. Mitch Daniels in his State of the State address called for many changes. He sought to put aside partisan differences and private calls for privilege. Immediately he was abandoned by many in his own party.
The idea that drew the most attention was the governor's request for a one year, 1 percent increase in taxes on those with income above $100,000. There is reasonable confusion about what the governor meant. Are we going to tax that part of income over $100,000? This idea is very appealing to the progressive spirit. Or, does the governor propose taxing all income of those who make more than $100,000? This idea will not draw as much support although it will generate more revenue.See the full content of this document
Extract
Income Tax Surcharge to Hit Only a Few
Some legislators declared that any tax increase was dead-on- arrival, a condition that matches their own mental state more than the governor's proposal.
How many of us wou...See the full content of this document
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