Indiana official touts the state’s low tax rates, business benefits amid NYC exodus

May 24, 2026 - 01:50

Indiana Lieutenant Governor Micah Beckwith made the case for his state as a haven for businesses and residents looking to escape high taxes, particularly those leaving New York City. Appearing on a weekend news program, Beckwith highlighted Indiana's low corporate tax rates and what he called "Hoosier hospitality" as key draws.

Beckwith directly contrasted Indiana's approach with New York City's "tax-the-rich" agenda, arguing that the Midwest offers a more sustainable economic model. He pointed to the state's balanced budget, its right-to-work laws, and a regulatory environment that he says encourages growth rather than punishing success.

The lieutenant governor also emphasized quality of life factors, noting that Indiana offers affordable housing, shorter commutes, and a strong sense of community. He framed the state as a place where both startups and established corporations can thrive without the financial pressures found in major coastal cities.

Beckwith's comments come amid a broader trend of population and business migration from high-tax states to lower-cost alternatives. While New York officials have pushed back on the narrative of a mass exodus, Beckwith insisted that the numbers speak for themselves. He invited companies and families to consider Indiana not just as a backup plan, but as a primary destination for opportunity and stability.