Senate Dem Leader on passage of GOP tax scheme

Republicans passed a tax giveaway bill today that gives most of the benefits to out-of-state companies and millionaires.  It’s a bad deal for most Iowans. It will raise property taxes and result in cuts to health care, job creation, education and other services.

May 5, 2018 by · Blog, Fiscal responsibility, Issues, News releases, Official, Transparency & accountability

Iowa Senate News Release
For Immediate Release:  May 5, 2018 

Read the Senate Democrats Analysis of Sf 2417, the final 2018 GOP tax plan

“Republicans passed a tax giveaway bill today that gives most of the benefits to out-of-state companies and millionaires.  It’s a bad deal for most Iowans. It will raise property taxes on families, seniors and small businesses, and it will result in cuts to health care, job creation, education and other critical services.

“Senate Democrats came into the 2018 session promising to support tax reform that would:

  1. Make the tax system fairer for working families and small businesses
  2. Make Iowa businesses more competitive
  3. Take into account our current budget crisis
  4. Tackle corporate tax giveaways, the fastest growing part of the state budget

“By every measure, the tax plan unveiled in the 11th hour of the 2018 session and passed by the Senate today fails every one of those tests. That’s because the bill is filled with giveaways to millionaires, wealthy corporations and people who don’t even live in Iowa.”

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