Ind. lawmakers near deadline for tax, budget plan

INDIANAPOLIS (AP) — More details could emerge soon on whether the Republicans who control the Indiana Legislature can agree with GOP Gov. Mike Pence on the size of a possible cut in the state's individual income tax rate.

Pence has been pushing for a 10 percent cut, while legislative leaders have hesitated to go along as they look to increase state spending on schools and road projects.

House and Senate negotiators said Wednesday they were close to a budget deal ahead of Friday's expected adjournment of this year's legislative session.

The House didn't include an income tax cut when it approved a budget plan in February. The Senate this month backed a 3 percent cut.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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