Pharos-Tribune

Breaking News

Columns

December 31, 2013

MARCUS: More concerns about business taxes

Strangely, there is little opposition to eliminating taxes on the equipment (personal property) of Indiana’s businesses. The question is how to replace the one billion dollars in revenues lost by Indiana’s counties, cities, towns, school corporations and libraries. That’s significant money for police, fire and other public services.

Gov. Pence and his allies are scrambling to find a replacement for those lost revenues. Raise the state’s sales tax? No one favors that. Allow local governments to impose a sales tax? Never! That would be anarchy, chaotic competition among neighbors.

Thus far, the most favored idea allows communities to raise one of the local option income taxes. State politicians like this because local office holders will be blamed for the higher taxes.

However, back up just one step and reconsider this entire matter. The Governor and his allies preach the benefits of lower taxes as an incentive for businesses to locate jobs in Indiana. At the same time, just about everyone agrees that Hoosier workers are ill-prepared for the demands of the modern workplace.

Who benefits from a better-prepared workforce? Mainly, it’s those companies installing new equipment that seek better-prepared workers. Thus, under the principle of beneficiary taxation, businesses should pay for the updating of the existing workforce and the education of the future workforce.

What about a statewide personal property tax, with a single rate? Currently that rate varies from one jurisdiction to another. Additionally, the state, not the locality, assesses the value of that equipment.

Further, the billion dollars raised from the tax could be earmarked for vocational education at all levels, in all its many forms from accounting to zoology.

We have spent decades believing more education will bring monetary rewards to the individual. More education was once a route to becoming a more articulate, cultured and engaged citizen. Today, more education has become an investment from which there should be a monetary return.

Text Only | Photo Reprints
Columns
  • MARCUS: The higher education funding mess Public higher education financing is unsustainable as currently configured. This conclusion was reached by two important groups over the past two years. The National Association of State Budget Officers and the State Higher Education Executive Office

    July 29, 2014

  • VILLAGE IDIOT: The state of the reunion “Katy! It’s been so long! How’ve you been?”My God, she’s gained so much weight I didn’t recognize her. It’s a good thing we’re all wearing nametags. I thought it was some distant cousin past due with triplets.“Bob! Long time, no see.”No hair, either.

    July 29, 2014

  • COATS: What to do next with Putin, Ukraine The tragic death of 298 people on board Malaysian Airlines flight 17 in a wheat field in eastern Ukraine marks a moment when words of disapproval and expressions of grief are not enough. This is a moment when action must follow the outrage and rhetor

    July 28, 2014

  • LYONS: The most powerful men in the world? Search the phrase “the most powerful man in the world” and what comes up are photos of grotesquely over-developed weightlifters; also Barack Obama and Vladimir Putin. Awfully ironic under present circumstances. It’s a cant term TV news anchors use to

    July 28, 2014

  • CEPEDA: What are students to eat now Remember last year’s hysteria over school lunches? Administrators, cafeteria workers, students and parents across the country freaked out when — gasp! — school lunches were made healthier.News reports throughout the 2012-13 school year — when lunch s

    July 27, 2014

  • HOWEY: Rising up to meet Putin’s thuggery Any illusions I had about the progressive nature of Vladimir Putin’s Russian regime quickly dissipated when I returned to my Moscow Grand Marriott room in August 2007. Upon opening the door, I was greeted with the spectacle of my papers and note pads

    July 27, 2014

  • HAYDEN: Congress scolded for its failures Retired Congressman Lee Hamilton has warned of the perils of political ideology, calling the body where he spent 34 years “noxiously partisan.” Now, he worries the divide is downright dangerous. A co-chairman of the 9/11 Commission, Hamilton and fell

    July 27, 2014

  • DORAN: How to handle the pool problem By Terry DoranGuest columnistAs a longtime board member of the parks board and having grown up nearby, it troubles me to read of the decision to close the city pool at Tower Park. This is obviously not a new discussion. I sat in on many meetings with

    July 27, 2014

  • WOLFSIE: A trip to end all trips My wife is planning a very exciting vacation to celebrate our 35th wedding anniversary. This was a big surprise to me. Not the vacation part, but the 35 years. I thought it was 34. Right now she is on the back porch, the patio table stacked high with

    July 25, 2014

  • FREY: Hero pilot still on a mission to save lives Ordinary people who live their lives, do something spectacular one day, and then embrace a great cause after retirement are tops in my book.Chesley “Sully” Sullenberger III is such an individual. He is the pilot who safely landed a US Airways airplan

    July 25, 2014

Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should grocery and convenience stores be allowed to sell cold beer?

Yes
No
Unsure
     View Results
Featured Ads
AP Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.