Indiana lawmakers to weigh joining Trump’s tax cuts
Republican legislators are poised to take up proposals on conforming the state tax code with federal rules after the legislative session resumes Jan. 5.
Republican legislators are poised to take up proposals on conforming the state tax code with federal rules after the legislative session resumes Jan. 5.
Along with the unpredictable tariffs, stubborn inflation and weak hiring have shaken consumer confidence in the U.S. economy.
The Constitution says Congress has the power to levy tariffs. But the Trump administration argues that in emergency situations the president can regulate importation taxes like tariffs.
Key legal principles at the heart of conservative challenges to major initiatives in the Biden years are driving the arguments in the fight against Trump’s tariffs, which is set for arguments at the high court on Wednesday.
Gov. Mike Braun has asked legislators to bring the state’s tax code in line with recent, major federal changes — warning of “discrepancies” between Indiana and federal law that could complicate 2025 tax filings.
The Indiana Tax Court denied a county assessor’s attempt to represent his office in an appeal before the court, citing his lack of legal expertise as a risk of a non-attorney representing others and his use of a fictitious citation.
The Indiana Supreme Court reversed a state tax court decision on Tuesday, in a case that examined the constitutionality of Indiana’s one-acre limit on a homeowner’s property tax liability.
The U.S. government said Monday it is immediately placing a 17% duty on most fresh Mexican tomatoes after negotiations ended without an agreement to avert the tariff.
The price of a pack of cigarettes is expected to average $11 after the tax jumps from $1 to $3, per the Indiana Chamber of Commerce. Other tobacco and nicotine products will also get pricier.
Indiana Gov. Mike Braun’s administration is getting serious about tolling to make up for falling fuel tax revenue and upgrade aging highways — eight years after former Gov. Eric Holcomb’s administration backed away from the prospect.
Christina Moles, (also known as Tina Lashley), 50, of Redkey was sentenced to 18 months in prison after she pleaded guilty to wire fraud and aiding and assisting the making of a false federal income tax return.
The Indiana Legislature approved a pared-down $46.2 billion state budget bill early Friday morning that will triple the state’s cigarette tax and cut funding for a wide swath of entities and programs.
China announced Friday that it will impose a 34% tariff on imports of all U.S. products beginning April 10, part of a flurry of retaliatory measures following U.S. President Donald Trump’s “Liberation Day” slate of double-digit tariffs.
On Wednesday, lawmakers on the House Ways and Means Committee voted to add a 15% excise tax to the products. The legislation now moves to the full House.
China announced Tuesday it will impose additional tariffs of up to 15% on imports of key U.S. farm products, including chicken, pork, soy and beef.
The prospect of escalating tariffs has already thrown the global economy into turmoil — with consumers expressing fears about inflation worsening.
The news comes as roughly 150 million taxpayers prepare to file returns by the April 15 deadline.
Tariff talk is big these days as economists, manufacturers, industry groups and consumers—everyone, it seems—consider the potential impact of tariffs announced by the Trump administration. Indiana’s manufacturing-heavy economy is especially vulnerable to the uncertainty from tariffs and retaliatory tariffs between nations.
President Donald Trump on Thursday rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike as he hopes to eliminate any trade imbalances.
President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order as soon as Wednesday that would require that U.S. tariffs on imports match the tax rates charged by other countries.