GOP Governors, Legislators Clash Over Cutting Taxes

Image: GOP Governors, Legislators Clash Over Cutting Taxes Indiana Gov. Mike Pence

Thursday, 02 May 2013 12:24 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Republican governors who want to shrink or erase income taxes are running into opposition from a surprising source — GOP state legislators.

While the tax cuts are being proposed by governors seen as potential party leaders, the legislators are worried they will lead to revenue losses and budget deficits.

In addition, the legislators don't necessarily support increased sales taxes and reductions of exemptions to make up for the cuts, The Wall Street Journal reports.

Conflict has arisen in states including Louisiana, Nebraska, Ohio, and Kansas. The first three of those states shelved big income-tax cuts that would be paid for with a sales tax hike.

Last week Indiana Gov. Mike Pence had to accept an income-tax cut that was smaller and phased in over a longer period than he proposed.

Basically there's a clash between the Republican ideals of cutting taxes and running a balanced budget.

"You can't just have a reaction and say, 'Yep, we're going to cut a tax,'" Indiana House Speaker Brian Bosma told The Journal, referring to the agreement with Pence. "You have to look in the long haul — over a decade — to be sure it's sustainable."

Bosma said the Indiana deal includes an income-tax reduction, an end to the inheritance tax and increased spending on infrastructure and education. The legislation ensures there will be budget reserves, he said.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

McDonnell Denies Special Aid to Company for CEO's Gifts

Wednesday, 20 Aug 2014 22:31 PM

Former Virginia governor Governor Robert McDonnell told jurors he didn't provide special treatment to a company whose ch . . .

Drunk Teacher Wins Unemployment Benefits; Keeps License

Wednesday, 20 Aug 2014 23:10 PM

If Dennis Pagel had taken a box of school supplies while working as a teacher at Dallas-Center Grimes Middle School west . . .

Ferguson Counter-Protester Whisked to Safety

Wednesday, 20 Aug 2014 22:15 PM

A woman counter-protesting in favor of police officer Darren Wilson had to be whisked to safety Wednesday night after sh . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved