REPUBLICANS ON A SENATE SUBCOMMITTEE HAVE ADVANCED THE GOVERNOR’S BILL TO SPEED UP STATE INCOME TAX CUTS, PROVIDE A PROPERTY TAX CUT FOR COMMERCIAL CHILD CARE CENTERS AND REDUCE THE TAX BUSINESSES PAY INTO THE STATE’S UNEMPLOYMENT TRUST FUND.
SENATOR DAN DAWSON — THE REPUBLICAN WHO LEADS THE SENATE WAYS AND MEANS COMMITTEE — SAYS THOSE COMPONENTS ARE GOING TO BE CONSIDERED AS SEPARATE BILLS IN THE COMING WEEKS — WITH HIS OWN BILL TO GRADUALLY ELIMINATE THE STATE INCOME TAX IN THE MIX.
TAXBILL1 OC………TO WEIGH IN.” :06
GOVERNOR KIM REYNOLDS HAS PROPOSED LOWERING THE STATE INCOME TAX RETROACTIVELY TO THREE-POINT-65 PERCENT THIS YEAR AND TO THREE-AND-A-HALF PERCENT NEXT YEAR.
MOLLY SEVERN IS THE GOVERNOR’S LEGISLATIVE LIAISON.
TABILL2 OC……..HARD EARNED MONEY.” :19
MONEY IN THE TAXPAYER RELIEF FUND WOULD BE USED TO ACCOMPLISH THE GOVERNOR’S IMMEDIATE TAX CUTTING GOALS.
DAWSON HAS PROPOSED INVESTING THAT MONEY AND USING THE PROFITS TO GRADUALLY REDUCE THE STATE INCOME TAX.
TAXBILL3 OC……LONG TERM PLAN IS.” :08
SENATE DEMOCRATIC LEADER PAM JOCHUM SAYS GETTING RID OF THE INCOME TAX BENEFITS THE WEALTHIEST IOWANS.
SHE ALSO OPPOSES THE PLAN TO LOWER THE TAXES BUSINESSES PAY INTO THE STATE FUND THAT’S USED TO COVER UNEMPLOYMENT CHECKS.
MOLLY SEVERN SAYS THE GOVERNOR’S PROPOSAL WOULD LOWER BUSINESSES UNEMPLOYMENT INSURANCE TAXES BY 40 PERCENT AND WOULD SAVE IOWA EMPLOYERS OVER 800 MILLION DOLLARS OVER FIVE YEARS.
RADIO IOWA
