Porter: ‘Republicans continue to break their promise to homeowners’

Today, the House Ways and Means Committee heard House Bill 1259. The bill tweaks the changes made to local income taxes in Senate Enrolled Act 1, following an outpouring of concern from cities and towns. Under SEA 1, local governments will lose $1.8 billion by 2028.

State Rep. Gregory W. Porter (D-Indianapolis) released the following statement: 

“SEA 1 wasn’t ready for prime time. HB 1259 is proof. It’s evidence of their dysfunction. The supermajority made a mess. Now, they’re cleaning it up.

“Republicans have been in charge for twenty years. They’ve had two decades to tackle skyrocketing property taxes. But they’re too busy infighting to pass sound fiscal policy. SEA 1 is a failure. 

“It defunds local governments, makes it harder to bond and fails to cut homeowners’ taxes. Most homeowners won’t save anything with the credit. Rural homeowners with low assessed values will actually see an increase. Republicans failed to do the one thing they promised to achieve.

“Our local governments need these LIT changes in this bill. But what about the homeowners? What are we doing to give Hoosiers the relief they desperately need? Republicans don’t have an answer. They don’t know how to solve the problems they created.”