tag:blogger.com,1999:blog-12703782.post1135736698923918029..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: Pence Wants To Cut Income Taxes And Repeal Inheritance TaxGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-12703782.post-6911224780239889592011-08-04T17:50:06.405-05:002011-08-04T17:50:06.405-05:00Only one of the above comments addressed the quest...Only one of the above comments addressed the question discussed in the video clip, and then not much at least not yet.<br /><br />While the judge raises some interesting constitutional points, I think he picks and chooses a bit in terms of what "rights" individual members of Congress have. For example, the right to filbuster, which isn't itself in the constitution (only a limited number of places the constituion requires a super-majority), and which is itself only a rule. And the constituion does make it clear that each house can adopt its own set of rules, which bucks up against other considerations. I guess the basic question is whether or not by law, Congress can "permanently" instituionalize a procedural rule, and since enactment of a law (and its repeal) requires the Executive branch participation (though arguably as part of a legislative function, not an executive one), that might be a valid constitional objection. Certainly not cut and dried.<br /><br />The real issue is why, by constitutional means or ordinary law, does the Congress have to duck its responsibility by such devices?Morning Constitutionalhttps://www.blogger.com/profile/09938417864862058949noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-23815458008378900802011-08-04T14:34:26.406-05:002011-08-04T14:34:26.406-05:00I agree that the math of Pence doesn't add up!...I agree that the math of Pence doesn't add up! Imagine if he were the governor!!artfugginshttps://www.blogger.com/profile/05364503656694166926noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-17075139309209090312011-08-04T13:27:33.188-05:002011-08-04T13:27:33.188-05:00Rohshak, I haven't given it much thought yet. ...Rohshak, I haven't given it much thought yet. Trying to get some work done today.<br /><br />I am all for getting rid of the inheritance tax. That tax raises very little revenue and takes awhile to figure out. By the time you figure it out, the client owes you more for attorney's fees than the tax. Yet you have to do it on every estate.<br /><br /><br />It's important for people to know the state inheritance tax and state estate tax are two different taxes. The state estate tax only hits the wealthy.<br /><br />I am very happy with how Daniels has ran the budget. While I'm for cutting taxes, I think we need to be careful about those unfunded liabilities Gary is talking about.Paul K. Ogdenhttps://www.blogger.com/profile/16137003328850866711noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-85688867830324884542011-08-04T08:22:34.860-05:002011-08-04T08:22:34.860-05:00Me thinks that Mr. Pence is hearing foot steps and...Me thinks that Mr. Pence is hearing foot steps and is trying to catch up. He like other DC troglodytes, this that we don't se what he is doing. Mr. Pence, you are an empty suit and you were called out.Benhttps://www.blogger.com/profile/08131833033108562966noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-2360853271762239142011-08-04T05:02:34.901-05:002011-08-04T05:02:34.901-05:00Also I think it needs to be pointed out that alot ...Also I think it needs to be pointed out that alot of the problems the state faces with its pension liablilities especially the Teachers Retirement Fund are because of Evan Bayh's weaknesses as Governor. Cady points this out to some extent in his book Deadline Indianapolis. I know Evan Bayh is yesterdays news. But I would love to see you and Paul go after him more especially for some of his shenanigans as Governor. Interestingly enough are current Governor claims that the state has no unfunded liablities of any significance. Although Jeff Espich and Luke Kenely admit the state does. And to Kenely's credit he has at least been willing to discuss the states fiscal problems somewhat. Also I would love your thoughts Gary on just how the state plans to pay back the feds the $2 Billion plus we owe them for UI! Strangely economists have been warning about the structural problems of states and their UI funds since the mid 1980's but they have mostly been ignored.rohshack147https://www.blogger.com/profile/09443718235851875620noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-44765459692799838522011-08-03T22:53:10.525-05:002011-08-03T22:53:10.525-05:00Luckily for Daniels, the unemployment debt is cove...Luckily for Daniels, the unemployment debt is covered by the state's employers and doesn't have to be included in his budget calculations. Now, the employers and taxpayers of the state do pay for the errors of Daniels' DWD. Most non-government employers have to pay increased taxes now (on top of joining all Indiana employers in having overpaid claimants $1.157 billion in a 4-year period). All these employers also have to pay $21/per employee this year and increasingly so in the future because Indiana was the 2nd state to go bankrupt (only Michigan and South Carolina pay this tax currently). <br /><br />Taxpayers foot the bill by paying for former government employees who don't deserve to be paid but are allowed to be paid by DWD (and taxpayers can pay up-to 100% of these employees' unemployment). Taxpayers might also have to pay up-to $100 million for the Trust Fund debt's interest by the end of this year (with much more to come in future years). I haven't heard how that'll be paid for this year, but the first $60 million is due by the end of September.<br /><br />Hilariously, the same people who have allowed this trainwreck to happen at Daniels' DWD (calling themselves "The Lead Team") also are the same ones forecasting that the news laws passed by the General Assembly this year will eliminate the current $2 billion debt, with interest, and restore the TF to solvency by 2020. Call me skeptical. Right now, Indiana has the 8th highest amount of debt to the US for its TF.<br /><br />When all the thousands of unemployed claimants who shouldn't have been paid go onto the extension claims (called EEUC), employers are further socked because they are the ones who have paid for those extensions. The federal government's TF is itself in debt and has to transfer money from other places in the US budget to it, which is why Indiana employers have to pay $21/per employee right now to help pay for the extensions to start to restore the US TF.. The US government has to take-on more debt to pay for its own insolvent TF. <br /><br />So Daniels has actually added to the federal debt even though he likes to pretend he is a fiscal crusader. He's a fiscal fraud.Bradleyhttps://www.blogger.com/profile/15448573623705973306noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-45276248399198705792011-08-03T22:21:51.123-05:002011-08-03T22:21:51.123-05:00I've been wondering myself how this "Supe...I've been wondering myself how this "Super Committee" is constitutional.Jeff Coxhttps://www.blogger.com/profile/04896694141148386531noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-72235551503112950512011-08-03T19:47:26.294-05:002011-08-03T19:47:26.294-05:00Bravo Gary! Thanks to you for bringing this matter...Bravo Gary! Thanks to you for bringing this matter to the publics attention! You are now the first and so far as I know only republican blogger to say that the states surplus is an illusion. I wonder what Paul Ogden thinks about all this? I wish the media would give more attention to the UI Trust Fund and how this administration and others have bungled it so badly. The claim that this is all due to the economy is crap! I think you and Paul should look further into the Trust Fund. You will be surprised at what you will find. Ironaclly one of the individuals most responsible for the mess at DWD Ron Stiver still somehow has avoided serious scrutiny.rohshack147https://www.blogger.com/profile/09443718235851875620noreply@blogger.com