Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

IADEMO2004

(6,035 posts)
3. 2013:Governor, lawmakers brag about largest tax cut in Iowa history
Fri Jan 27, 2017, 08:44 AM
Jan 2017
http://www.thegazette.com/2013/06/12/governor-lawmakers-brag-about-largest-tax-cut-in-iowa-history

Branstad followed his lieutenant governor, Kim Reynolds, House Speaker Kraig Paulsen and Senate Majority Leader Mike Gronstal to the microphone so the magnitude of the tax cut was old news before it was his turn to brag about the capstone of the 2013 legislative session.

However, that didn’t stop the governor, who called the bill the “beginning of correcting a long, long ago mistake.”

“As you’ve already heard, this is the largest tax cut on Iowa history and (the property tax) is the most unpopular tax that we have,” Branstad said.

The bill, which was approved 43-6 in the Democratic-controlled Senate and 84-13 in GOP-controlled House, is projected to provide $4.4 billion in property tax relief over 10 years as well as $90 million a year in income tax savings.

------------------------------------

$4.4 billion cut over ten years.

I guess the cows have come home to roost now.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Region Forums»Iowa»Iowa state employees bein...»Reply #3