Iowa House backs employee stock ownership plan to aid rural firms
The Iowa House approved a plan encouraging privately held firms to let workers buy ownership stakes, a move supporters say boosts retention and competitiveness. The measure, passed 93 to 2, faces Senate review with funding questions and a potential $1 million cost plus a $700,000 tax break. Governor Branstad backs it as part of a four part business plan.
MENTIONED IN THIS ARTICLE
Iowa
Kirsten Running-Marquardt
Cedar Rapids
Mark Lofgren
Muscatine
Hy-Vee
Lofgren
Roger Thomas
D-Elkader
Terry Branstad
Tim Albrecht
Iowa minimum wage hike unlikely this session
A three member Senate subcommittee approved SF 2040 to raise the hourly minimum from 7.25 to 8.75 on July 1 and 10.00 on Jan 1 2013 with lower thresholds for new workers but Sen Wally Horn doubts enough support exists to bring it to the full Senate Labor Committee. Supporters say raised wages aid workers and families while business leaders warn of job cuts and higher prices.
MENTIONED IN THIS ARTICLE
Rod Boshart
Des Moines
Iowa
Senate
Wally Horn
Cedar Rapids
Terry Branstad
Senate Labor Committee
Tom Courtney
Burlington
John Gilliland
Iowa Association of Business & Industry
Courtney
Charlie Wishman
Iowa Federation of Labor
Aflcio
Dick Dearden
D-Des Moines
Wishman
Craig Walter
Iowa Restaurant Association
Budget Gap Grows as Iowa Democrats and GOP Clash
Iowa Senate leaders say the 2013 budget faces about a 250 million gap with Republicans and Democrats divided over economic development incentives and job training programs. Gronstal cites GOP aims to zero out incentives while Democrats favor a compromise that avoids shifting taxes or local cuts. House Republicans press for passage of the property tax reform plan as starting point for talks.
MENTIONED IN THIS ARTICLE
Gazette
Des Moines Bureau
Des Moines
Legislative
Senate
Mike Gronstal
D-Council
Tshutts
GOP
Gronstal
Iowa
Terry Branstad
House
Kraig Paulsen
R-Hiawatha
Paulsen
Fewer Dollars More Smokers A Capitol Digest Summary
Health officials warn if anti smoking funding drops Iowa faces more young adoptions to tobacco. The CDC cites a $37 million target while Iowa spends under 9 percent. The House weighs HF 2307 on GPS warrant processes amid reservations and amendments. A stillbirth recognition proposal HB 2195 prompts debate on birth certificates. Superman Pennington Hall of Fame resolution enters the Senate. A 100 percent tax write off for Iowa Innovation Fund donors passes a Senate panel. Quotable line from Senate leader Gronstal critiques a budget cut for business incentives.
MENTIONED IN THIS ARTICLE
American Cancer Society
Health and Human Services Appropriations
Cathy Callaway
Iowa Commission On Tobacco Use and Prevention
Centers For Disease Control
Iowa
House Judiciary Committee
Ford
Lowa
Jett Kaufmann
Wilton
Superman
Pennington
Art Pennington
Cedar Rapids
Baseball Hall of Fame
Iowa Senate
America
Jackie Robison
Senators
Senate
Iowa Innovation Fund
Steve Sadders
D State Center
Iowa Partnership For Economic Progress
Sadders
Also Mentioned on This Page
Albrecht
Statehouse
Xi Jinping
Iowa Statehouse
Mark Chelgren
R-Ottumwa
Chelgren
Ore Tidert
Capitol Digest
Rick Olson
Kim Pearson
Pleasant Hill
Pearson
Mandy Ford
Clarinda
Council Bluffs
Poupon
Sis Vrodab
Cipo PT Eee
Teeteal
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