INDIANA – As part of NFIB, or the National Federation of Independent Business’ Small Business Day, NFIB members here in Indiana met with Attorney General Todd Rokita to talk about small business issues.
“Free enterprise is the bedrock of what has made us the most prosperous nation the world has ever known. I regard NFIB members as cherished friends and allies in the fight for liberty and appreciate the opportunity to interact with them today,” said Attorney General Todd Rokita. “Federal overreach is an enemy of American free enterprise. As Indiana’s attorney general, I’ll always do everything I can to stand beside you as together we fight tooth and nail for liberty.”
“Our small business owners here in Indiana are thankful that legislative leaders like Attorney General Rokita take the time and are listening to small business owners here in Indiana. He understands the challenges they face on a day-to-day basis and that’s what NFIB is fighting for every single day at the capitol,” said Natalie Robinson, NFIB State Director in Indiana.
So far this legislative session, which started on January 4h, NFIB has been on top of important legislative issues, including HB 1002. The legislation would help entrepreneurs across the state by reducing the cost of purchasing and operating production equipment and machinery in Indiana. The bill would also reduce the individual income tax rate from 3.23% to 3%. This would benefit all taxpayers, especially small businesses that operate as pass-through entities and pay taxes at the individual rate.
The House version of the bill that cut taxes by over $1 billion has changed to a Senate version with $0 in tax cuts. The Senate Tax and Fiscal Policy Committee gutted House Bill 1002 on Feb. 15, removing language that would have created $1.3 billion worth of income and business tax cuts. This is a major blow to the House, Governor Holcomb, and NFIB’s priority bill although NFIB will remain vigilant on the issue. The Senate is expected to vote on the bill next week and negotiations are expected in the final weeks of the legislative session.
