Gov. Holcomb says ‘we shall see’ on possible tax cuts

Regional News

FILE – Indiana Gov. Eric Holcomb speaks with reporters during the Indiana Technology and Innovation Association conference in Fishers, Ind., on Friday, Oct. 8, 2021. President Joe Biden’s plan to require vaccinations at all private employers of 100 workers or more has already hit a wall of opposition from Republican governors, state lawmakers and attorneys general. (AP Photo/Tom Davies, File)

INDIANAPOLIS (AP) — Indiana’s surging state tax collections have the governor in discussions on whether tax cuts should be considered during the upcoming legislative session.

Republican Gov. Eric Holcomb told reporters Thursday “we shall see” when asked about the tax cut possibility.

Some top Republican legislators have been talking about proposing reductions to Indiana’s 7% sales tax and other taxes for the new legislative session starting in January even amid concerns of a possible economic downturn.

Holcomb said a factor in the tax cut debate will be trying to gauge when economic growth naturally slows.

The state has collected about 10% more in taxes than expected during the four-month span through October.

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