Indiana Chamber Endorses Rep. Todd Young for U.S. Senate

young pic camera (2)The Indiana Chamber is endorsing Congressman Todd Young (R-IN, 9th District) in his candidacy for the U.S. Senate. The announcement was made today at a press conference at Indiana Chamber headquarters in downtown Indianapolis.

“We believe Todd Young is the most qualified and most economic-minded individual running for the Senate seat,” said Indiana Chamber President and CEO Kevin Brinegar. “He has repeatedly demonstrated sound fiscal policy and prudent decision-making on issues that are vital to jobs and economic growth.”

Brinegar further emphasized Young’s engagement with the business community and his focus on economic, fiscal and regulatory issues.

“After he was appointed to the Ways and Means Committee, the congressman sought substantial feedback on potential federal tax reforms and what would have the most impact on Hoosier companies and their employees. He listened to our members – through personal conversations and a survey – using their insights to help form his pro-economy agenda.”

The Indiana Chamber’s nonpartisan congressional action committee, comprised of volunteer business leaders from around the state, determined Young’s endorsement.

At both the state and federal levels, Indiana Chamber endorsements are driven by vote scores on pro-jobs, pro-economy issues. For state endorsements, the Indiana Chamber relies on its Legislative Vote Analysis report. Congressional endorsements are based on a combination of the U.S. Chamber’s own vote scores and an analysis of votes on Indiana Chamber federal policy positions.

Representatives of the U.S. Chamber, which also is supporting Young’s campaign, joined the Indiana Chamber for the press event.

Chamber Promotes Life Sciences in D.C.

7324001The Indiana Chamber is a proud partner in Hoosiers Work for Health, which promotes the biopharmaceutical and life sciences industry, and visited with Indiana’s elected representatives in Washington, D.C. July 15-16 to discuss issues such as patent
reform, taxation and FDA regulatory procedures.

The Chamber joined several other Hoosiers Work for Health representatives for office visits on Capitol Hill. The group met with Reps. Susan Brooks (R-5th District) and Larry Bucshon (R-8th District), both members of the House Energy and Commerce Committee, as well as Rep. Todd Young (R-9th District), who serves on the House Ways and Means Committee. The group also visited with key staff members for Sens. Dan Coats (R) and Joe Donnelly (D) while the Senate held floor votes on an education bill.

It is clear from the conversation with Indiana’s elected officials that they understand the importance of the biopharmaceutical/life sciences sector to the economic health of Indiana. This sector directly supports more than 20,000 jobs across the state and generates $19 billion in economic output. By creating high paying jobs, biopharmaceutical companies build a strong foundation from which we can grow our state economy – providing stability and prosperity into the future.

Transatlantic Trade & Investment Partnership Opening Up New Business Opportunities

GDo you know what TTIP is and what it could mean for your business? Answers will be provided in a September 26 half-day session at the Lilly Center Auditorium in downtown Indianapolis. The Transatlantic Trade & Investment Partnership is a comprehensive agreement being negotiated between the United States and the European Union.

The answer to the second part of the opening question is that it can, in the words of the Office of the U.S. Trade Representative, “help unlock opportunity for American families, workers, businesses, farmers and ranchers through increased access to European markets for American goods and services.”

The Trans-Atlantic Business Council is presenting this informative program in conjunction with Eli Lilly and Company and the Indiana Chamber. Indiana Congressman Todd Young (R-9th District) will be among the speakers. Two panel discussions will focus on the regional impact of international trade, as well as company executives sharing export and foreign direct investment success stories.

The program will conclude at 11:15 a.m. There is no cost to attend, but registration is required.

Indiana Chamber Endorses Four Members of Congress for Re-Election

The Indiana Chamber of Commerce is endorsing four members of the state’s congressional delegation from Central Indiana:

U.S. Rep. Todd Rokita (R-IN, 4th District);
U.S. Rep. Susan Brooks (R-IN, 5th District);
U.S. Rep. Luke Messer (R-IN, 6th District); and
U.S. Rep. Todd Young (R-IN, 9th District).

“Good public service deserves to be recognized. These members of Congress continue to demonstrate sound fiscal policy and prudent decision-making on issues that are vital to jobs and economic growth,” says Indiana Chamber President and CEO Kevin Brinegar.

The Indiana Chamber’s nonpartisan congressional PAC determined the endorsements.

At both the state and federal levels, Indiana Chamber support is driven by vote scores on pro-jobs, pro-economy issues. For state endorsements, the Indiana Chamber relies on its Legislative Vote Analysis report. Congressional support is based on the vote tally conducted by the U.S. Chamber of Commerce.

Representatives of the U.S. Chamber, which also is supporting these candidates for re-election, joined the Indiana Chamber in downtown Indianapolis for today’s press conference.

The Indiana Chamber has been the state’s leading business organization for more than 90 years, representing over 800,000 Hoosier workers through nearly 5,000 member companies across Indiana.

Chambers Assisting with Rep. Todd Young Tax Reform Tour

The Indiana Chamber is delighted to partner once again with Rep. Todd Young as he tours the state, working with local chambers to communicate the need for tax reform. A release from his office has dates and more information:

As the House Ways and Means Committee and Senate Finance Committee prepare to roll out reforms to the U.S. tax code, Ways and Means Committee member and Indiana Congressman Todd Young (IN-9) announced on Friday that he will embark on a statewide tour to talk about proposed changes with local businesses. The events are being hosted by the Indiana Chamber of Commerce and local Chambers of Commerce in each area, and other members of the Indiana Congressional delegation will be on hand at some of the events.
 
“We haven’t fundamentally overhauled our tax system in a quarter of a century, and since the 1986 reforms our code has been larded up with provisions that only benefit narrow interests,” said Young. “The net effect is a tax code that is confusing, complex and difficult for individuals and small businesses to comply with. As we try to spur our economy, making the code simpler, fairer and flatter is key.”
 
While the events will be closed to the press to promote candid discussions, a media availability will be held at 1 p.m. local time after each roundtable. Local media will have the chance to talk with Rep. Young, other members of the delegation, and local businesses about what was discussed.
 
WHO: Congressman Todd Young (IN-9), the Indiana Chamber of Commerce, and local Chambers of Commerce
 
WHAT: Tax reform roundtable (closed to press) and media availability (open to press)
 
WHEN & WHERE:

Monday, August 12
Media Availability at 1 p.m. EDT
Indy Chamber
Chase Tower, 19th Floor
Indianapolis, IN
 
Wednesday, August 14
Media Availability at 1 p.m. EDT
Warsaw Kosciusko Chamber of Commerce
Mad Anthony’s Tap Room
113 E Center Street
Warsaw, IN
 
Friday, August 16 with Rep. Larry Bucshon (IN-8)
Media Availability at 1 p.m. CDT
Southwest Indiana Chamber of Commerce
318 Main Street, Suite 401
Evansville, IN
 
Monday, August 19 with Rep. Marlin Stutzman (IN-9)
Media Availability at 1 p.m. EDT
Ft. Wayne Chamber of Commerce
826 Ewing Street
Ft. Wayne, IN
 
Tuesday, August 20
Media Availability at 1 p.m. CDT
Northwest Indiana Forum
6100 Southport Road
Portage, IN
 
Wednesday, August 28
Media Availability at 1 p.m. EDT
One Southern Indiana
4100 Charlestown Road
New Albany, IN
 
Thursday, August 29
Media Availability at 1 p.m. EDT
Bloomington Chamber of Commerce
Uptown Café
102 E Kirkwood Avenue
Bloomington, IN

U.S. Chamber Honors Pro-Business Members of Congress

The U.S. Chamber of Commerce recently honored members of Congress (252 in the House; 48 Senators) for their pro-jobs, pro-growth stances with the annual Spirit of Enterprise Award.

“In the face of high-stakes politics and difficult choices, legislators from both parties provided America’s job creators with a strong voice in Congress,” said Thomas J. Donohue, president and CEO of the U.S. Chamber. “This award recognizes these men and women for consistently demonstrating their support for pro-growth policies.”

The Chamber’s prestigious Spirit of Enterprise Award, in its 25th year, is given annually to members of Congress based on key business issues outlined in the Chamber publication How They Voted. Members who support the Chamber’s position on at least 70% of those votes qualify to receive the award.

The Chamber scored Congress on 8 Senate and 12 House votes in 2012, including reauthorization of the Export-Import Bank of the United States, the establishment of Permanent Normal Trade Relations (PNTR) with Russia, and the reauthorization of surface transportation legislation. Also scored were votes to repeal onerous provisions in the Patient Protection and Affordable Care Act, improve the process by which regulations are promulgated, and better secure the United States from cyber threats.

To view a complete list of the 2012 Spirit of Enterprise recipients, please visit www.uschamber.com/soe.

Those from Indiana are:

INDIANA
Sen. Dan Coats
Sen. Richard G. Lugar
Rep. Joseph Donnelly (IN-2)
Rep. Marlin A. Stutzman (IN-3)
Rep. Todd Rokita (IN-4)
Rep. Dan Burton (IN-5)
Rep. Mike Pence (IN-6)
Rep. Larry Bucshon (IN -8)
Rep. Todd Young (IN-9)

Chamber Statement on the Fiscal Cliff Deal

President Obama and a divided Congress have come to an agreement on the so-called fiscal cliff. Indiana Chamber of Commerce President and CEO Kevin Brinegar reacts:

"The Indiana Chamber applauds the President and Congress for their ability to compromise in the eleventh hour. However, the measures agreed to are inadequate, some potentially counter-productive, and fall far short of addressing the long-term fiscal challenges facing our federal government.

"Despite tax increases, long-term spending remains unsustainable and a threat to our economic and national security. We must rigorously reform entitlement and social welfare programs and look for real, lasting savings across all federal activities. We can no longer borrow and spend as if there were no consequences, because the day of reckoning fast approaches. We look forward to working with our congressional delegation in the weeks and months ahead to fashion workable and responsible reforms."

In early December, the Indiana Chamber released the results of a federal tax survey, done in in partnership with Congressman Todd Young (R-9th District), who is a new appointee to the U.S. House Ways and Means Committee. The survey of Hoosier businesses revealed a willingness to share the tax burden, provided there is real and significant reduction in federal spending and substantive reform to simplify the tax code. The press release and charts detailing the results can be found online at www.indianachamber.com/federal.
 

Chamber and Rep. Young Release Business Tax Survey Results

As President Obama calls for a “balanced approach” and shared burden to end the current federal fiscal crisis, the Indiana business community is showing willingness to make such a sacrifice, provided there is real reduction in federal spending and substantive reform to simplify the tax code. That’s the overriding message from a recent survey conducted by the Indiana Chamber of Commerce in partnership with Congressman Todd Young (R-9th District), who is a new appointee to the U.S. House Ways and Means Committee.

The electronic survey of Indiana Chamber members and the business community at-large focused on the fiscal cliff, federal tax code, tax reductions, corporate tax system and the U.S. tax structure in general. A total of 188 respondents took part, representing both larger companies (27%) and small businesses (73%).

“Raising tax rates isn’t the right way to go to raise revenue. It may be good politics, but it is lousy economics. Reforming and simplifying the tax code, which will stimulate job creation and economic growth, is the preferred and needed path for Indiana businesses and their employees,” explains Indiana Chamber President Kevin Brinegar.

“We also need to reject Washington’s usual accounting gimmicks and cut actual spending, not just cut the rate of spending growth. We must reform federal entitlement programs – Medicare, Medicaid and Social Security – to address fiscal and demographic realities.”

Survey respondents clearly determined the fiscal crisis was more a spending problem (67%) than a revenue one (less than 1%). Additionally, 33% felt both spending and revenue were the culprits.

When asked to rate the most important principles which should guide tax reform, the top four answers respondents selected were: 1) emphasize shared sacrifice; 2) emphasize global competitiveness; 3) refrain from picking winners and losers; and 4) simplify the tax code.

Many businesses and individuals find the complexity of the tax code too much of a burden, resulting in 60% of individual taxpayers and 71% of unincorporated businesses hiring out their tax compliance. In the survey, nearly 30% said tax code simplification was even more important than rate reduction; 62% labeled simplification important, but not as important as rate reduction. To that end, some 71% of businesses surveyed indicated a willingness to give up some of their favorable tax credits and/or deductions for lower individual and corporate tax rates.

Brinegar and Young both acknowledge that, despite what needs to happen, a short-term measure – extension of credits, etc. for six months, for example – to buy more time for substantive and comprehensive reform is likely the most positive outcome that can be expected this month. 

In addition to the survey of businesses, Young’s office also electronically surveyed constituents in his district with similar questions. The results from the more than 2,700 individual respondents largely echoed the findings on the business survey.

“It’s clear to me there is a real appetite right now for comprehensive tax reform,” said Young.  “As negotiations continue on the so-called ‘fiscal cliff’, tax reform paired with spending cuts isn’t just my desired approach, it’s also the approach favored by individual Hoosiers and Indiana businesses. As a new member of the Ways and Means Committee, I look forward to representing those wishes as we move forward on this front.”

A plurality of individuals said the fiscal crisis was more of a spending problem (46%) than a revenue problem (11%), while 40% said both are to blame. 

Additionally, 54% (compared to 26% opposed) of individuals support a model of tax reform similar to the House Republican proposal of eliminating deductions in order to simplify the tax code. But regardless of what approach is taken, 85.5% of individuals said they support extending most or all of the current tax rates while Congress works through the issue.

Congressman Young is using the information gathered in the survey and via constituent research to help inform his approach to these fiscal issues. Likewise, the Indiana Chamber’s lobbying efforts on federal tax reform are relying heavily on the survey findings.

Charts detailing the results of the tax surveys of business owners and Congressman Young’s individual constituents can be found online at www.indianachamber.com/federal.

Hasler Hitting an Economic Development Home Run

An Indiana Chamber member who listened in on Friday’s Policy Conference Call termed the message from IEDC chief Dan Hasler as one filled with "infectious enthusiasm." As the one fortunate to moderate that call, I wholeheartedly agree.

Hasler did an outstanding job describing the work of the Indiana Economic Development Corporation and his own approach to business attraction and retention. Among his comments:

  • While the facts are all on Indiana’s side, "selling" is still a personal, emotional event
  • "You can’t make a bad move good with incentives"
  • The IEDC goal for 2012 is 250 deals, up from 219 a year ago. The early results are ahead of pace
  • "Our best leads still come from peer-to-peer referrals. You (Indiana business leaders) are the most important lead source we have"
  • Areas of improvement needed: more shovel ready sites (currently average one per county; need three or four per county) and better advertising or selling of shovel ready sites and existing facilities

Hasler reminds that the three roles of IEDC are to attract new businesses, support existing small and medium businesses, and help fund young enterprises.

Although noting he never expected to have a .gov e-mail address during his business career, Hasler admits he’s "having a ball" in his current role. Based on the hour we were able to spend with him via the phone, I say that’s a very, very good thing for Indiana.

The next call, for Chamber members, is Friday, June 1 with Todd Young, Indiana’s ninth district congressman. Register today.

Baron Hill May Have New Foe in November

The story has long been the same in Indiana’s 9th U.S. House District. It seems every other November (for four election cycles), voters could mark their calendars for a Baron Hill vs. Mike Sodrel match-up.

It seems Todd Young, however, has different ideas. At this moment, with 52% of the vote in, Young is leading Sodrel by 5% (37.5% – 32.4%), with Travis Hankins making a strong showing at 27%.

Young, a 37-year-old deputy prosecutor in Orange County (and former Marine), noted on the Chamber webcast that his messaging for his campaign stemmed from frustration with out-of-control spending in Washington, D.C. He quipped that it was the same message he used on the "Rotary Circuit."

Some are calling it a potential upset, although the Indy Star’s Matthew Tully remarked on a Chamber webcast that it would be far from a shock.

This is Young’s first run at an elected office.

UPDATE: Thanks Tom (comments). Now with 81% reporting, Travis Hankins closes gap to 200 votes behind Young. Wow, this could come down to the wire. Sodrel’s still within 5% of Young, too.