Mitch Daniels possible presidential campaign, 2016/Taxes
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Mitch Daniels |
Former Governor of Indiana (2005-2013) Director of the U.S. Office of Management and Budget (2001-2003) |
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2028 • 2024 • 2020 • 2016 |
This page was current as of the 2016 election.
- In 2011, Mitch Daniels signed a bill cutting corporate taxes to 6.5 percent from 8.5 percent.[1]
- In 2008, Daniels oversaw the passing of Joint Resolution 0001, which capped property taxes at 1 percent of the assessed value of a home, 2 percent of the assessed value on secondary residential properties and 3 percent of the assessed value for all other real properties.[2]
- To offset some of the lost revenue because of property tax relief, Daniels signed HB 1001 in 2008, which increased the sales tax 1 percent (from 6 percent to 7 percent).[3]
- In 2007, Daniels signed a bill that increased the cigarette tax that helped fund the Healthy Indiana Plan, which provides health coverage to low-income citizens of Indiana.[4]
- In 2005, Daniels proposed a temporary 1 percent tax increase on all individuals earning $100,000 or more, as a means of solving the state's fiscal crisis. The proposal was not approved by the state legislature, according to The Cato Institute.[5] [6]
- As director of the Office of Management and Budget (OMB), Daniels helped implement the 2001 Bush tax cuts.[7]
Recent news
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See also
Footnotes
- ↑ IBJ, "Daniels signs 80 bills into law, including budget," May 10, 2011
- ↑ Indiana General Assembly, "Joint Resolution 0001," accessed April 20, 2015
- ↑ Indiana General Assembly, "HB 1001," accessed April 23, 2015
- ↑ Indiana General Assembly, "House Enrolled Act No. 1687," accessed April 22, 2015
- ↑ IN.gov, "2005 State of the State Address," accessed April 20, 2015
- ↑ The Cato Institute - Policy Analysis, "Fiscal Policy Report Card on America’s Governors: 2010," September 30, 2010
- ↑ Newsweek, "Why the GOP Should Listen to Mitch Daniels," November 10, 2010