News » Money

Governor Daniels Supporting Tax Increases?

By Scott Sarvay
October 15, 2010 Updated Oct 15, 2010 at 5:22 PM EDT

WASHINGTON (Indiana's NewsCenter) - While staying mum about a possible run for the Presidency, Governor Mitch Daniels did say he was open to the idea of a value added tax and a tax hike on imported oil.

Daniels made the comments while in Washington to accept the Herman Kahn Award from the Conservative Hudson Institute.

Citing a book written by Kahn, Daniels says it would be most useful to redesign the tax system to discourage consumption and encourage saving and investment.

He says one obvious possibility is a value added tax and a flat income tax.

Daniels also suggested support for increasing gasoline taxes to pay for expenses incurred by the importation of foreign oil.



What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!
Powered by Summit City Chevrolet



© Copyright 2013 A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.