According to the governor’s office, Pence has “signed into law $643 million in annual tax relief: That includes: $313 million for hardworking Hoosiers, thanks to last year’s 5 percent income tax reduction, the largest state tax cut in Indiana history.” In addition, the state corporate tax rate was reduced from 6.5 percent to 4.9 percent, making it the third lowest in the country and contributing to Indiana’s increase in the labor force, which, Pence’s office says, has grown by more than 51,000 over the past year, five times the national growth rate.
A former Democrat (like his ideological mentor Ronald Reagan), Pence sees a need to transform his party’s image: “The Republican Party has become just the other party to Washington solutions. We have to get back to advancing state-based solutions and reforms. We must be relentlessly optimistic.” He paraphrases a Reagan line: “‘Why shouldn’t we dream great dreams, after all we’re Americans.’
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