Gov. Mike Pence said Friday he’s “encouraged but not satisfied” with a 3 percent cut in income tax rates proposed in a $30 billion, two-year budget bill taking shape in the state Senate.
But Pence vowed to continue pushing his own plan for a 10 percent cut in the state’s personal income tax rate to put more spending money in Hoosiers’ pockets and spur job growth, particularly among small-business owners.
“I strongly believe that for the sake of our economy, we ought to seize this moment to enact adequate income tax relief that allows Hoosiers and most businesses to keep more of what they earn,” Pence said during a midday meeting with the editorial board of The Republic, located in his hometown of Columbus.
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