Looks like more half-baked election year hi-jinx from Indiana Democrats.  Rolling out a tax bill that hasn’t been vetted, much less had a routine fiscal note prepared is just reckless.  Tax reform was to be the pinnacle issue Hoosier taxpayers this year.  So much for that – sacrificed at the dripping altar for political point scoring.   From fwdailynews.com

If politics is “the art of the possible,” as Otto von Bismarck remarked, property tax reform may be dead for 2008.

The first serious sign of trouble came last week when House Democrats switched a property tax cap months in the making with a plan that had not previously been aired, studied or evaluated by fiscal experts.

On a party-line vote Feb. 20, the Ways and Means Committee removed from a Senate joint resolution the language that would amend the constitution to cap property taxes at 1 percent of a home’s assessed value. In its place they inserted a cap to equal 1 percent of combined household income. Next, the committee excluded from the cap existing debt service, which is almost a third of local tax burden. The vote was perplexing considering the same representatives had voted less than a month before for the language they stripped out.

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