Capitol Steps Newsletter

December 2007 No. 51

Table of Contents

What do Hoosiers think?

IN: what’s up?

National debt at $9 Trillion

Racial economic inequality

New IRS rates

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What do Hoosiers think?

When likely voters were asked in mid-November who they’d pick if Mitch Daniels was running against former Congresswoman Jill Long or Indianapolis architect Jim Schellinger for another 4-year term, it might be a photo finish, according to a poll taken by an Iowa firm and paid for by The Indianapolis Star and WTHR-TV. The statewide survey of 600 Hoosiers—with a 4%+/- margin of error—also got these results on other questions:

There are two caveats for these survey results: they are opinions nearly a year before the 2008 elections—a lot can happen by then—and the margin of error narrows or widens the responses, especially as the number polled was smaller than the usual 1,000 and it was weighted to reflect the 8% of Hoosiers who are “18 years and older and African-American” based on 2006 American Community Survey estimates. For more on polling’s “margin of error,” see www.harrisinteractive.com/harris_poll/index.asp?PID=832

IN: what’s up?

Economic growth in the Sun Belt and coastal cities is slowing down, “snagged by a home foreclosure crisis that first struck Indiana, Michigan and Ohio,” said The Indianapolis Star. Market researcher Global Insight says Indiana got hit earlier and will come out of it earlier, and the state capitol will see its gross product grow 2.6% in 2008, higher than Chicago, Louisville, or Cincinnati. This estimate is a point higher than that made by Indiana University last month.

23 county assessors must get their property data into the IN Dept of Local Gov’t Finance (DLGF) by Dec. 10 or lose their certification. This info is needed for timely 2008 billings. These counties already missed the DLGF’s Nov. 15 deadline—Boone, Cass, Daviess, Dearborn, DeKalb, Fountain, Greene, Harrison, Hendricks, Huntington, Jackson, Johnson, LaPorte, Madison, Martin, St. Joseph, Steuben, Tippecanoe, Vermillion, Vigo, Washington, White, and Whitley. If the new deadline is missed, the county could lose out on the state’s property tax replacement funds.

IN “pork” totaled $8 Million in the Labor, Health, and Human Services appropriations bill, vetoed by President Bush, according to an analysis by Citizens Against Government Waste. Of these 37 projects, 8 were sponsored by Indiana Republicans alone, 13 by Indiana Democrats alone, and 16 were bipartisan. All together, they comprised 7.8% of the total $1 Billion nationwide, almost 4 times higher than Indiana’s 2% of the USA population. The Christian Science Monitor reports that there are nearly $25 Billion in yet-to-be-enacted earmarks.

National debt at $9 Trillion

What you don’t hear in presidential debates:

Give your two cents worth atwww.facingup.org/blog.

Racial economic inequality

“The dream that one can rise up from humble beginnings and achieve a comfortable middle-class living, if not attain great wealth, transcends racial lines. But is this a reality for black and white families alike?” This is a question that was addressed by a study by The Brookings Institution, and the answer is mixed.

Is it any wonder then that only 20% of blacks say they’re better off than 5 years ago, while 37% of whites think blacks’ situation is progressing? That’s what the Pew Research Center learned from a poll this fall. Pessimism is hard to break, they said. A majority of blacks said they still face discrimination in restaurants, shopping, renting or buying homes, and applying for jobs. See http://people-press.org and www.economicmobility.org for more details.

New IRS rates

Starting Jan. 1, 2008, the standard business travel mileage rate will be 50.5¢ per mile—up 4%—with the charity volunteer mileage rate at 14¢ per mile.

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