Iowa Democrats Propose Tax Cuts
April 5th, 2006 at 02:16pm Chase Martyn
As part of the strategy of giving normal people tax cuts and rich peopl tax hikes, the Democrats in the Iowa Senate unveiled their new tax plan:
Senate Democratic Leader Mike Gronstal of Council Bluffs said the package would provide tax relief for more than 90 percent of Iowa taxpayers. However, an analysis indicated taxpayers making more than $100,000 annually would see their taxes go up, with the highest bracket seeing a 37.5 percent spike.
“This tax-cut plan is built on common-sense priorities of Iowans,” Gronstal said, noting that it would simplify the state’s income tax and eliminate a “middle class inequity” whereby Iowans with moderate incomes currently pay 62 percent of the tax liability.
The Republicans, of course, have their own plan, which you can read about in this more detailed AP piece.
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Entry Filed under: Iowa Legislature, Democratic Party, State Politics
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