Iowa approves tax bill amid warned budget impact
The Iowa legislature passed a tax breaks and business incentives package on a 74 to 24 vote, despite warnings from Rep. Minnette Doderer and others about future budget strain. Gov. Ray is expected to sign, with provisions aligning state law to Reagan era changes and offering faster write offs and retirement fund deposits.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Azette
Des Moines
Reagan
Minnette Doderer
Diowa City
House
Don Avenson
D-Oelwein
Senate
Robert Ray
Judy Ddes
Iowa House
Walter Conlon
R. Muscatine
Explosion Kills Middlesex Father and Wife in Bomb Incident
A salesman reported receiving a bomb in a package to Middlesex police and died with his wife when their home exploded. The three Puskas children were injured, and investigators believe a pipe bomb with a timer caused the blast. The incident occurred about 8:30 a.m. at the Green Brook home as authorities arrived.
MENTIONED IN THIS ARTICLE
Middlesex
N.J
William Diedrich
U.S. Treasury Department
Bureau of Alcohol, Tobacco and Firearms
Puskas
Patricia
Middlesex County
Richard Rebeck
Andrew Jr
Scott
Brian
Emergi Center
Green Brook
Dale Heffler
Diedrich
Courier-News of
Bridgewater
Courier-News
Emergi- Center
Ralph Walter
Green Brook Christian Academy
Inflation slows to 3.5 percent in January amid recession
The Labor Department reports January CPI up 0.3 percent, the slowest since July 1980, with 1981 inflation at 8.9 percent and 1982 forecasts hovering around 6 to 7 percent. Economists tie the dip to the ongoing recession and wage negotiations.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Provisions of tax bill in Iowa affect deductions and rates
The Iowa tax bill passed Thursday expands retirement plan deductions on state returns and extends depreciation for property. It phases out personal property taxes, offers limited breaks for child care and other items, but raises corporate taxes above 250000 and taxes dividends and interest. It ends the state marriage tax deduction and imposes a minimum tax on higher income or capital gains earners, likely increasing state income taxes next year as federal reductions reduce deductibles.
MENTIONED IN THIS ARTICLE
Robert Ray
Iowa
Reagan
Senate
Iowa House Tightens Drunk Driving Bill this Session
The Iowa House moved to strengthen a drunk driving bill adding limits on temporary permits for offenders. A first offense would trigger a 120 day license revocation with a 20 day permit, plus potential two day jail time. Debates continue as lawmakers press for a tougher measure to pass the Legislature.
MENTIONED IN THIS ARTICLE
Robert M.L. Johnson
Cedar Rapids
Johnson
Cedar Rapids FAA workers hit by 12 day furlough plan
About 40 FAA employees at Cedar Rapids Municipal Airport will be furloughed 12 days without pay this year as a budget cutting measure. The layoff affects two FAA offices at the airport with one unpaid day per pay period from April 4 to Sept. 18, reducing pay by about 10 percent.
MENTIONED IN THIS ARTICLE
Federal Aviation Administration
Cedar Rapids
FAA
Don Gable
Gable
FAA Airways
Air Traffic Control
Index In the News on Taxes and Founding Ideals
A compact reflect on how the nation’s origins relate to taxation debates. The piece notes tensions between government funding needs and citizens’ resistance, linking revolutionary ideals to modern fiscal policy considerations.
Study finds Kansas City skywalk collapse violated codes
A National Bureau of Standards report concludes the Hyatt Regency skywalks failed city load requirements. Original design gave too little tolerance, and a construction change doubled load on suspending rods, leaving only 27 percent of required capacity. The tragedy killed 113 and injured hundreds during a tea dance.
MENTIONED IN THIS ARTICLE
Gaithersburg, Md
UPI
Kansas City Hyatt Regency Hotel
National Bureau of Standards
Edward Pfrang
Also Mentioned on This Page
Larry Pope
Ray
Pope
Middlesex, N.J
Andrew Richard Puskas
Mia
C.R
Christie Wallace
Gazette
Marion
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