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Your 2010 Legislative Return on Investment
In this annual financial impact assessment, learn what the Indiana Chamber’s lobbying efforts at the Statehouse mean to your wallet.
This session, the Chamber successfully led the charge to delay the $400 million increase in unemployment taxes that businesses were slated to pay. Additionally, the Chamber advocated for several other positive measures that passed, including progress for two major infrastructure projects: the Illiana Expressway and Indiana-Kentucky bridges; and a reasonable solution to transporting radioactive material. Tough defense was also played – and needed – regarding the host of practices that would have significantly raised the costs of health care insurance for employers and employees.
In total, the Chamber’s work yielded savings of $1.55 billion for Hoosier businesses OR $559 per employee. Specific savings are listed below by bill and issue area, in total and per employee.
| Business Savings | |
| $1.55 billion or $559 per employee | |
|
Legislative Session |
|
| Economic Development | |
| Creating public-private partnerships for infrastructure projects (SB 382) | $100 million; $36.05/employee |
| Defeated - Suspension of various tax credits (SB 236) |
$10 million; $3.61/employee |
| Environment | |
| Reasonable regulations for transporting radioactive waste (SB 186) |
$100 million; $36.05/employee |
| Defeated - Mandates for unnecessary building standards (HB 1063) |
$20 million; $7.21/employee |
| Health Care | |
| Defeated - Undermining cost savings associated with PPOs (SB 326) | $300 million; $108.16/employee |
| Defeated - Provisions adding unnecessary expense to health care (various bills) |
$35 million; $12.61/employee |
| Labor | |
| Delay of unemployment insurance rate increases (SB 23) | $400 million; $144.21/employee |
| Defeated - Mandatory personal leave (HB 1095) |
$20 million; $7.21/employee |
| Miscellaneous | |
| Defeated - Extending statute of limitations on hazardous substance lawsuits (SB 330) |
$25 million; $9.01/employee |
| Defeated - Prohibition against evidence of collateral source payments (HB 1255) |
$15 million; $5.41/employee |
| Tax and Public Finance | |
| Defeated - Broad property tax shift to business taxpayers (SJR 10) |
$375 million; $135.20/employee |
| Defeated - Assessment structure that discriminated against businesses (HB 1004) |
$90 million; $32.45/employee |
| Defeated - Authority to increase property tax (SB 309) |
$50 million; $18.03/employee |
| Tax credits for new employers (SB 23) | $10 million; $3.61/employee |
Total Savings for Indiana Business: $1.55 Billion
Total Savings Per Employee: $559
Your Return on Investment
10 employees = savings of $5,590
25 employees = savings of $13,975
50 employees = savings of $27,950
100 employees = savings of $55,900
200 employees = savings of $111,800
500 employees = savings of $279,500
IMPORTANT NOTES: Business impact calculations are based on fiscal impact estimates of the Legislative Services Agency, independent studies, other available data and research materials, and Indiana Chamber analysis. Business impact per employee is calculated by using the estimated number of employed workers statewide in March 2010 (2,773,684).
