Jepsen renews effort to repeal estate tax reform
Senator Roger Jepsen pressed to repeal the estate and gift tax, arguing it harms Iowa farmers and is a tiny revenue source. He cited Joint Committee on Taxation data showing 1981 estate and gift taxes at 7.2 billion dollars, about 1 percent of IRS collections, and said small farmers and businessmen bear the burden while the rich avoid consequences. He noted Iowa farm valuations, average land prices, and farm net worth figures to claim the tax hits family farms hard and hinders intergenerational transfer.
MENTIONED IN THIS ARTICLE
Dorothy Wilkes
Aacalia
Ance
Washington
Roger Jepsen
Iowa
Iowa Republican
Joint Committee On Taxation
Internal Revenue Service
Jepsen
Senate Finance
U.S. Department of Agriculture
Senate committee votes to tax newspapers in Iowa
In Des Moines the Ways and Means Committee voted 11 to 2 to apply Iowa’s 3 percent sales tax to the final sale of newspapers. Sponsor Sen. Edgar Holden said it’s fair and could add about $1 million to the general fund. Critics cited carrier status and practical collection issues. The measure would tax the first sale and shift the burden to distributors, newsstands, and carriers, with expected price increases for papers.
MENTIONED IN THIS ARTICLE
DES Moines
Wall Street Journal
Iowa
Senate
Ways and Means
Edgar Holden
Holden
Rolf Craft
R-Decorah
West Des Moines
Chicago
ISU official defends film in teacher training as non pornographic
Ruth Hughes, head of Iowa State University College of Education, says a film titled A Quickie used in an in service course on adolescent sexuality is not pornographic. Two Republican lawmakers have criticized it and claim the materials were taken out of context. The program, run by ISU Home Economics with the Iowa Department of Public Instruction, included a booklet, nude slides and a record The Seven Dirty Words along with the film. About 282 Iowa teachers have taken the course.
Theft reported in Rowley after farm truck stolen
Raymond Leary reported to the Buchanan County Sheriff's Department that his 1964 Ford pickup was stolen from his Rowley area farm. The vehicle contained $1,720 worth of seed corn and chemicals.
MENTIONED IN THIS ARTICLE
Rowley
Raymond Leary
Buchanan County
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Sen
Statehouse
Gausch & LO
Ersort
Soflens
Irs
First Avenue
Cedar Rapids
Roosevelt Hotel
Franciscan
Gfranciscan
America
Register Today
Earthborn
Shady Lane
Lindale
Westdale
Old Capitol
Department
John Deere
Cannon Equipment Corp
Petunias Begonias
Coleus
Geraniums
Boston
Peonies
Jackson — Perkins
Dunlap
Cyclone
Robinson
Ascots Lawn
Green Thumb Nursery
Blairs Ferry Road
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