Cut personal income taxes to 3.05% on the way to 2.9%
Back home in Indiana, let's move on to "what's changing" for the better. Businesses and individuals are thriving in Indiana because we operate in a continuous improvement mode.
For starters, we cut our personal income taxes "again" to 3.05%, on the way down to 2.9%.
Military members will no longer pay state taxes on their military income or pensions!
Source: 2024 State of the State Address to Indiana legislature
, Jan 9, 2024
End 30% personal property tax floor on new equipment
As the No. 1 manufacturing state in America per capita, we must eliminate the 30 percent business personal property tax floor on new equipment to instantly ensure
Indiana is more competitive with surrounding states, encouraging further capital investment here, and positioning us to become an even more dominant player in the advanced manufacturing age.
Source: 2022 State of the State Address to the Indiana legislature
, Jan 11, 2022
Exempt military pensions from state tax
To stay ahead of our competition and keep breaking those jobs records, we must keep sharpening our economic development tools to give us the flexibility to attract more capital investment and more people to locate here.
I will once again pursue exempting military pensions from our state income taxes so we can attract and retain talented patriotic veterans--who we know are some of the most experienced, focused and loyal workers anywhere.
Source: 2019 State of the State address to Indiana legislature
, Jan 15, 2019
Stop funneling Hoosier tax money through federal czars
[I recommend] policies that ignite private sector economic growth, not higher taxes and more borrowing. Government that serves best is the government that serves from the bottom up
. Trickle down government from Washington DC continues to fail us. We must shift the power away from bureaucrats in Washington and return it back to the people, closest to home, where it rightly belongs.
Taxing people in Indiana, sending our money to czars in Washington DC, then having them tell Hoosiers what we deserve to get back is both wasteful and wrong.
The federal government should focus on renewing its commitment to its constitutional role, not on interfering with states that are addressing their challenges successfully on their own way!
Simplifying the 75,000-page tax code would lead to growth
Likewise, to make America safer, stronger and freer we must become the pre-eminent global jobs magnet. When a start-up wants to join the ranks of the global economy or a manufacturer wants to expand, I want their product to be stamped "Made In America."
We can do that around the country just as we have in Indiana by removing barriers that hinder job creation. My wife, Janet, sees it every day in the small family manufacturing business she helps to run in Summitville.
Less Washington-driven regulation and a simplification of the nearly 75,000-page tax code would lead to much needed growth and innovation for those who create jobs for others.
Another important way to make America safer, stronger and freer is by
acknowledging that a bloated federal government, trickle-down-approach is not solving problems, only delaying them. We need to return to the day when states closest to the people best handled their business and there was respect for the rule of law.