House GOP budget eliminates Pence tax cut

February 15th, 2013 at 10:14 am by under Jim Shella's Political Blog

The GOP majority in the Indiana House of Representatives released its budget proposal Friday morning. The 2-year $29 billion dollar spending plan does not include the income tax cut sought by GOP Governor Mike Pence. It also does not trigger the automatic taxpayers refunds that were included in the governor’s budget.

Instead the House Republicans are giving more money to schools with a 2% increase in the first year and a 1% increase in the second year. Spending increases for colleges and universities are also bigger at 3.5% in the first year. They are also spending $250 million dollars on roads and bridges.

The governor’s budget called for 1% increases in each year for schools and universities and called for highway money to come from a bigger surplus.

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