07 Dec 2010
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 07, 2010
Page
1
President Barack Obama announced a bipartisan agreement with Republicans to extend expiring income tax cuts for all, renew long-term jobless benefits, and provide a one year Social Security tax cut. The plan also offers business tax breaks aimed at jump‑starting the economy.
The plan extends all tax rates from the Bush administration for two more years, prolongs unemployment insurance by 13 months, and cuts payroll taxes by two percentage points in 2011 totaling about 120 billion. Workers earning 40000 would gain 800 over the year. It also extends the 2009 stimulus boosts to EITC, the child tax credit and tuition credits.
Iowa National Guard units deployed to Afghanistan report repeated direct fire exchanges with enemy forces under Task Force Red Bulls. Col. Ben Corell notes no significant injuries so far, while some soldiers monitored for potential traumatic brain injury from roadside bombs.
Local builder Randy Dostal and architect Jim Novak secretly back bold plans to place homes and even storefronts on pilings in flood-prone Cedar Rapids neighborhoods. Dostal cites coastal areas as precedent and explores above-harm’s-way designs.
Governor elect Terry Branstad pushes lawmakers to put a same sex marriage ban to a vote and criticizes Senate Leader Michael Gronstal for blocking a constitutional amendment. He cites voter backlash against Democrats over court rulings permitting same sex marriage and notes party losses in the November elections.
Lawmakers argue higher revenues will not avert planned budget reductions as state programs face ongoing belt tightening amid fiscal uncertainty. Officials warn funding gaps could force deeper cuts in education healthcare and public safety.
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