Indiana Democratic Gubernatorial Candidate Proposes Cut In Corporate Income Tax

By Maureen Mespell

May 16, 2012 Updated May 16, 2012 at 8:04 PM EDT

(Indiana's NewsCenter) -- The Democratic Candidate running for Indiana Governor John Gregg is proposing a cut in the state's corporate income tax.

Gregg says it would make Indiana a business magnet targeting companies that choose to re-locate in the Hoosier State.

Gregg says he also wants to give tax credits to all firms, large and small that make job creating investments in the state.

Gregg says he'd pay for the cuts through the collection of online sales taxes which he says would amount to at least $200 million.

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