Jun 25, 2007

Iowans for Tax Relief: Not Credible

I have no idea who Jennifer Reynolds is, but she makes some interesting sobservations in this article.

Apparently Ed Failor was supposed to take a leave of absense while running the McCain campaign in Iowa so as not to present a "conflict of interest". Rich.

Iowans for Tax relief it turns out is despised by people actually seeking tax relief in Iowa. Why am I not surprised? The organization has done nothing to actually work for tax relief, in fact quite the opposite is true.

The group "Iowans for Tax Relief" has a name that belies its purpose. It supports special interest carve-outs and corporate welfare tax subsidies that shrink the tax base and raise the rates on the rest of us. It also refuses to even consider eliminating the deduction for state income taxes in exchange for lower rates. All of this gets the Iowa tax system great publicity. Earlier this week Iowa was listed by the Tax Foundation as having one of the ten worst tax environments for business, thanks in no small part to the work of Iowans for Tax Relief.
The above article points out that Iowa has the highest business tax in the U.S. at 12%. Ouch.

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