At least former Gov. Mitch Daniels and legislators could sell the public on the notion the caps would lower property taxes.
But what’s the benefit with the elimination of the business personal property tax?
Very little, it seems.
Even if Pence does come up with a solid plan to replace revenue lost if business tax elimination legislation passes, the responsibility for that replacement likely will fall with local governments, just as it did when property tax caps were enacted.
So, local governments have to struggle and look like the bad guy to voters.
Then there’s the property owners. The Fiscal Policy Institute’s report predicted a real property tax increase of up to 6 percent for Clark Countians and between 6 percent and 8 percent for Floyd County residents.
Those are the people our state representatives and senators are supposed to be looking out for — their constituents.
We’re asking our Southern Indiana legislators to do just that and oppose the elimination of the business personal property tax.
— News and Tribune, Jeffersonville
THE ISSUE Business personal property tax THEIR VIEW There's no benefit to come from its elimination