Indiana Democratic Party

08/28/2024 | Press release | Distributed by Public on 08/28/2024 09:11

ICYMI: BSU Economist: The McCormick-Goodin Tax Plan is the Only “Real Plan”for Hoosier Tax Relief

ICYMI: BSU Economist: The McCormick-Goodin Tax Plan is the Only "Real Plan"for Hoosier Tax Relief

August 28, 2024

All three campaigns for governor and lieutenant governor of Indiana have released their property tax plans, but only McCormick-Goodin offers a "real plan" for Hoosiers, according to an influential economist.

The McCormick-Goodin Commonsense Tax Relief Plan will provide Hoosiers relief from growing property tax bills without a cut to local government services or a tax shift that would hurt Hoosier farmers and businesses, while protecting essential public services like police, fire, and education and ensuring that Indiana's quality of life isn't harmed.

Another distinguishing feature of the McCormick-Goodin plan is that it uses bipartisan proposals and fiscal reports that have already been reviewed by the General Assembly's nonpartisan Legislative Services Agency, which calculates the impact of every bill filed by a legislator. That means Hoosiers can be confident that Jennifer's plan would provide nearly $600 million in tax relief and bring together ideas from both Democrats and Republicans.

"Hoosiers deserve a property tax plan that keeps public services intact - not giveaways for corporate interests. We already have a desperate need to expand education, healthcare, and social services to every part of our state. The McCormick-Goodin Commonsense Tax Relief Plan respects Hoosier taxpayers, protects police and fire funding, and ensures Hoosiers can maintain their homes, farms, and businesses without threatening their way of life," said Indiana Democratic Party Chair Mike Schmuhl.

###