Eric Holcomb on Tax Reform



Cut personal income taxes to 3.05% on the way to 2.9%

Back home in Indiana, let's move on to "what's changing" for the better. Businesses and individuals are thriving in Indiana because we operate in a continuous improvement mode.

For starters, we cut our personal income taxes "again" to 3.05%, on the way down to 2.9%.

Military members will no longer pay state taxes on their military income or pensions!

Source: 2024 State of the State Address to Indiana legislature , Jan 9, 2024

End 30% personal property tax floor on new equipment

As the No. 1 manufacturing state in America per capita, we must eliminate the 30 percent business personal property tax floor on new equipment to instantly ensure Indiana is more competitive with surrounding states, encouraging further capital investment here, and positioning us to become an even more dominant player in the advanced manufacturing age.
Source: 2022 State of the State Address to the Indiana legislature , Jan 11, 2022

Exempt military pensions from state tax

To stay ahead of our competition and keep breaking those jobs records, we must keep sharpening our economic development tools to give us the flexibility to attract more capital investment and more people to locate here. I will once again pursue exempting military pensions from our state income taxes so we can attract and retain talented patriotic veterans--who we know are some of the most experienced, focused and loyal workers anywhere.
Source: 2019 State of the State address to Indiana legislature , Jan 15, 2019

Stop funneling Hoosier tax money through federal czars

[I recommend] policies that ignite private sector economic growth, not higher taxes and more borrowing. Government that serves best is the government that serves from the bottom up . Trickle down government from Washington DC continues to fail us. We must shift the power away from bureaucrats in Washington and return it back to the people, closest to home, where it rightly belongs. Taxing people in Indiana, sending our money to czars in Washington DC, then having them tell Hoosiers what we deserve to get back is both wasteful and wrong. The federal government should focus on renewing its commitment to its constitutional role, not on interfering with states that are addressing their challenges successfully on their own way!
Source: 2016 Senate campaign website, HolcombForIndiana.com , Oct 1, 2015

Simplifying the 75,000-page tax code would lead to growth

Likewise, to make America safer, stronger and freer we must become the pre-eminent global jobs magnet. When a start-up wants to join the ranks of the global economy or a manufacturer wants to expand, I want their product to be stamped "Made In America." We can do that around the country just as we have in Indiana by removing barriers that hinder job creation. My wife, Janet, sees it every day in the small family manufacturing business she helps to run in Summitville. Less Washington-driven regulation and a simplification of the nearly 75,000-page tax code would lead to much needed growth and innovation for those who create jobs for others.

Another important way to make America safer, stronger and freer is by acknowledging that a bloated federal government, trickle-down-approach is not solving problems, only delaying them. We need to return to the day when states closest to the people best handled their business and there was respect for the rule of law.

Source: Holcomb's Kokomo Tribune OpEd on 2016 Indiana Senate race , Jul 9, 2015

Other governors on Tax Reform: Eric Holcomb on other issues:
Gubernatorial Debates 2023:
KY: Incumbent Andy Beshear(D)
vs.State A.G. Daniel Cameron(R)

vs.Ambassador Kelly Craft(R)
vs.State Auditor Mike Harmon(R)
LA: Incumbent John Bel Edwards(D,term-limited)
vs.Jeff Landry(R)
vs.Shawn Wilson(D)
vs.John Schroder(R)
vs.Sharon Hewitt(R)
MS: Incumbent Tate Reeves(R)
vs.Bill Waller(R,withdrew)
vs.Brandon Presley(D)

Gubernatorial Debates 2024:
DE: Gov. John Carney (D, term-limited);
vs. Lt. Gov. Bethany Hall-Long (D)
vs. County Exec. Matt Meyer (D)
vs. State Rep.Mike Ramone (R)
IN: Gov. Eric Holcomb (R, term-limited);
vs. Sen. Mike Braun (R)
vs. Suzanne Crouch (R, lost May 7 primary)
vs. Eric Doden (R, lost May 7 primary)
vs. Attorney General Curtis Hill (R, lost May 7 primary)
vs. Jennifer McCormick (D)
MO: Gov. Mike Parson (R, term-limited):
vs. Secretary of State Jay Ashcroft (R)
vs. State Senator Bill Eigel (R)
vs. Lt.Gov. Mike Kehoe (R)
vs. House Minority Leader Crystal Quade (D)
MT: Gov. Greg Gianforte (R)
vs. Ryan Busse (D)
vs. State Rep. Tanner Smith (R, lost June 4 primary)
Gubernatorial Debates 2024 (continued):
NC: Gov. Roy Cooper (D, term-limited);
vs. Lt.Gov. Mark Robinson (R)
vs. Attorney General Josh Stein (D)
vs. Treasurer Dale Folwell (R, lost March 5 primary)
vs. Justice Michael Morgan (D, lost March 5 primary)
vs. State Senator Andy Wells (R,withdrew)
ND: Gov. Doug Burgum (R, retiring)
vs. State Rep. Rick Becker (R)
vs. U.S.Rep. Kelly Armstrong (R)
vs. State Sen.Merrill Piepkorn (D)
NH: Gov. Chris Sununu (R, retiring)
vs. U.S.Sen. Kelly Ayotte (R)
vs. Mayor Joyce Craig (D)
vs. Acting Gov.Chuck Morse (R)
vs. Exec.Councilor Cinde Warmington (D)
UT: Gov. Spencer Cox (R)
vs. State Rep. Phil Lyman (R)
vs. Minority Leader Brian King (D)
VT: Gov. Phil Scott (R)
vs. Lt.Gov.David Zuckerman (D, withdrew)
vs. Selectman Peter Duval (D)
vs. Commissioner Esther Charlestin (D)
WA: Gov. Jay Inslee (D, retiring);
vs. Attorney General Bob Ferguson (D)
vs. U.S.Rep.Dave Reichert (R)
vs. State Sen. Mark Mullet (D)
vs. County Chair Semi Bird (R)
vs. Hilary Franz (D, withdrew to run for U.S.Rep.)
WV: Gov. Jim Justice (R, term-limited)
vs. WV Attorney General Patrick Morrisey (R)
vs. Huntington Mayor Steve Williams (D)
vs. WV State Auditor JB McCuskey (R, withdrew)
vs. WV Secretary of State Mac Warner (R, lost May 14 primary)
vs. State Del. Moore Capito (R, lost May 14 primary)
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