Pence not revealing details of tax reform plan

Indiana Governor Mike Pence (WLFI File Photo)
Indiana Governor Mike Pence (WLFI File Photo)

INDIANAPOLIS (WISH) — Gov. Mike Pence says he won’t negotiate his plan for corporate tax reform in public.

The governor met with reporters in his Statehouse office Thursday morning to express confidence that lawmakers will approve at least part of his plan to eliminate a tax on business equipment.

The money from that billion dollar tax goes to local governments and no replacement revenue has been identified.

Mayors, including Indianapolis Mayor Greg Ballard, are concerned but Pence says they won’t be “unduly harmed.”

“I know you all want me to talk about detail. I know that,” said Pence. “OK, but we’re involved in discussion, in negotiations. There will be compromise and we are listening not just to members of the General Assembly, but we are listening to our local mayors.”

The Indiana Fiscal Policy Institute issued a report Thursday on the potential effects of tax reform.

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