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home : most recent : statewide implications November 17, 2017


11/10/2017 6:46:00 PM
Pence in Indiana presses for support of federal tax cut proposal

Niki Kelly, Journal Gazette

PLAINFIELD – Vice President Mike Pence renewed his call for tax cuts in a visit to the state Thursday that featured a roundtable of business owners promising to use expected savings to invest in technology and hire workers.

Gov. Eric Holcomb said Indiana businesses are flourishing, but the tax reform pushed by President Donald Trump “is what we need. This is the missing link.”

It was the third visit to the state by Pence or Trump since late September as Congress tries to wrangle an overhaul of the federal tax code.

Pence said he came to listen to business leaders about “what we believe is the most important priority for long-term economic growth in the United States of America.”

To have sustained growth, “the time has come to cut taxes across the board for working families, small business and family farms, and we're going to fight every day,” he said. 

He was accompanied by U.S. Labor Secretary Alexander Acosta and GOP U.S. Sen. Todd Young at the TKO Graphix event just outside Indianapolis.

Acosta touted low unemployment, inflation and a strong stock market, and said from his perspective tax reform is all about job creation.

Alfonso Vidal, president of Vidal Plastics in Evansville, said he would put any savings from a corporate tax cut into new technology that could take the small company to the next level. New equipment generates new business, which would also allow him to hire more people. He has five employees now.

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