Pence tax cut hangs in balance as Senate starts work on budget
INDIANAPOLIS – A Senate committee will start work on a new state budget as lawmakers consider the fate of Gov. Mike Pence’s proposed personal income tax cut.
The Senate Appropriations Committee is scheduled to meet Thursday.
The governor said he believes the state has enough money for the 10-percent tax cut, which was a key part of his gubernatorial platform. Other lawmakers are more cautious in regards to the cut, saying they’ll wait for the revenue forecast to see if the plan is viable.
The House’s budget plan leaves out Pence’s tax cut and calls for more spending on schools and roads.
Senate committee members are expected to spend several weeks in hearings before voting on the budget in April.