Posted on 03/20/2012 1:39:15 PM PDT by Abathar
INDIANAPOLIS -- State refunds for Indiana taxpayers will likely be bigger than first expected, Gov. Mitch Daniels said Tuesday.
The governor signed into law a bill that refines the automatic taxpayer refund that's triggered when the state surplus exceeds 12.5 percent of the state budget, RTV6's Norman Cox reported.
"This, of course, makes Indiana a state that says at some point, when budgets are balanced and reserves are full, the state should stop collecting money and leave it with the people who earned it," Daniels said. "We think it's a very important principle."
The refunds will come as an add-on to next spring's regular refunds.
Originally, key lawmakers had predicted the refunds would be $40 or $50 per taxpayer. But Daniels had a rosier projection Tuesday.
(Excerpt) Read more at theindychannel.com ...
“This, of course, makes Indiana a state that says at some point, when budgets are balanced and reserves are full, the state should stop collecting money and leave it with the people who earned it,”
BWAHAHAHA! What kind of sick joke is this? A government that can’t spend all the money it takes in? There is no such thing!
Mitch Daniels for Prez
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