Property Taxes
Posted on May 7th, 2007 at 9:21 am by GregM

I don’t understand the way some people come to their conclusions. A guy I live with said that he thinks that in order to fix the property tax crisis facing Indiana, we should raise taxes for businesses, but then offer the businesses tax breaks for funding certain educational programs.

There are two reasons that won’t work. First and foremost, if you move the taxes to businesses, but then you don’t charge the businesses all of their taxes, where are you going to get the money that you would otherwise have been getting from property taxes? You can’t give them tax breaks and still expect to receive all of your funding.

The second reason this won’t work is because it’s an anti-business bill, which is an anti-economy bill. In a state like Indiana, where much of our industry is dying, we have to be competitive in recruiting new businesses and showing them that they would benefit from being in Indiana. Having high taxes for businesses won’t do the trick. If they want to be close to Chicago, then we should be showing them the benefits of being located in Northwest Indiana and not giving them reasons to locate in Illinois or Wisconsin. After all, those states are doing the best they can to recruit businesses, too. We must stay competitive so that we can provide jobs for our citizens.

Comments so far:

Link Here | May 7, 2007,

I agree. Why do people think because you have a business you have money. It is hard to make a living owning a business because of the taxes we pay now.

Comment by Karen |