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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 09, 1992
Page
6
The editorial notes a 20 member House Local Government Committee vote to foster voter referendums on public policy, citing potential effects on projects like Prairie Meadows financing. It argues officials should act decisively without shifting blame to taxpayers, while warning initiative laws can backfire.
Democrats attack Bush for aiding the rich while Republicans defend a plan to reduce the top capital gains tax from 28 percent to 15.4 percent for assets held three years or more. Analysts note revenue effects, global competition, and pension fund implications, predicting a tumultuous year.
The piece contrasts domestic auto pride and foreign-made components with U S subsidies and consumer pressures. It links modern patriotism to past non importation ideals while recalling the Stamp Act era and urging reflection on national values amid today’s auto trade tensions.
Fred Hubbell argues Iowa faces a 1.5 billion annual deficit by 2007 if current spending trends continue. He urges action to reallocate spending, raise taxes, and set clear priorities, aiming for a firmer economic path and better state competitiveness. Des Moines leader Hubbell promotes strategic reforms supported by business groups and the Iowa Newspaper Association.
The piece argues against rapid troop withdrawal from Germany noting the high costs of cuts and the strategic value of U.S. bases. It contends a NATO allied presence helped in the Gulf War and warns against demagogic claims about defense spending. It stresses Europe's role and the need for coordinated democracies to deter dangerous regimes.
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