- The inability of the current system to guarantee that assessments will be uniform and equal makes it impossible for Hoosier taxpayers to have confidence in their government.
- Property Taxes place an unacceptable burden on working and middle class families.
- No Hoosier homeowner should ever be in danger of loosing their home (as defined as the primary place of residence) due to the inability to pay property taxes.
- Property Tax Caps do not guarantee relief from poorly conducted assessments and the currently proposed caps (1% - 2% - 3%) are in direct opposition to the spirit of Article X of the Indiana Constitution.
Replacing The Revenue Currently Obtained
- Current replacement plans involve the use of a combination of sales and income taxes. I hereby suggest that sales taxes are not a viable choice as part of a property tax replacement scenario. In past years, state and local sales taxes were an option as a deduction on an individual's Federal Income tax. However, this is an either/or situation. You cannot deduct both. Beginning in 2008, state and local sales taxes will not be an option. Therefore, any plan which uses a combination of sales and income taxes will leave a significant portion of the taxes paid as non-deductable. I would even go so far as to repeal the increase in the state sales tax enacted in 2007.
- State and local income taxes are and will still be a deduction in 2008 and years to come. The best option is one based solely on income taxes. This will necessitate an increase in both the individual and corporate income tax. I do not believe in the so called "Progressive" tax schemes favored by the more "liberal" elements of our political system. All they are is a thinly disguised attempt at the redistribution of wealth. (For anyone who is interested in learning more about "progressive" tax schemes I suggest reading Karl Marx's Communist Manifesto.) Why do we constantly feel the need to punish success and hard work?
- How much will we need to raise State Income taxes? This still needs to be adequately worked out, but whatever the increase it must be uniform and equal for all of Indiana's taxpayers.
- At present their are three basic types of local income taxes; COIT, CAGIT and CEDIT. This is two too many. We need to simplify this confusing mix of alphabet soup into one simple tax.
- Finally, spending caps need to be enacted at both the state and local levels to control the growth of government spending.