Our view: Tax credits won’t go very far
November 27, 2012 3:58PM
THE FIRST AMENDMENT
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
Updated: December 29, 2012 6:08AM
What will you do with your extra $111?
If you’re an Indiana taxpayer, next year, you’ll get a credit for that amount on your tax return. The state is distributing the money because there’s a surplus of more than $1 billion in the coffers.
You could fill up your car’s gas tank a few times (maybe just a couple if you have an SUV). You could take the family out for a nice dinner, sans alcohol.
You could buy a couple tickets to Chicago professional sports team games or a whole bunch for the Gary SouthShore RailCats’ home appearances. Or you could pay your kids’ book rental or buy them new shoes.
All those things sound great, and seems like they might help right the economy a little. But when you think about it, $111 doesn’t go that far, even when most of us haven’t seen our incomes go up, while the cost of everything else rises.
But if you combine all Hoosiers’ tax refunds, it comes out to about $360 million. Now, that’s real money. Think of all we could do with that.
Fix miles and miles of roads or miles and miles of old sewers and pipes.
Provide more health insurance or health care for the poor and children.
Pay that student book rental for every kid in state schools or provide college scholarships.
Gov. Mitch Daniels says it’s better to give this money back to the people, rather than let government waste it.
Waste? Spending it on necessities to improve the quality of life is never a waste.
We can invest our own money, governor. How about you find a better way to spend it?