All true economic growth comes from a strong business community. Without it, the government will have nobody to serve. Nobody wants to deny local governments the means to operate effectively. Everybody wants them to provide the services and infrastructure necessary to a make their community an enjoyable place to live. So fair revenue replacements can and will be found to protect the integrity of needed local government operations.
While nobody likes taxes, some taxes are truly more detrimental than others. That’s why our legislators and other elected officials have identified the need to wean us off the taxation of capital investment; they are looking to further improve our tax climate and make Indiana as competitive as it can possibly be.
This is not a goal that should be attacked or obstructed. It is one that should be embraced by all who want their communities and state to reach their greatest potential. So, let’s keep these things in mind as the debate progresses on this initiative.
Bill Waltz is the vice president of taxation and public policy for the Indiana Chamber of Commerce.