Democrats unveil compromise tax reform plan in Iowa
Democratic leaders presented Gov. Terry Branstad with a compromise income tax reform package claiming it would cut state taxes for about 80 percent of Iowa taxpayers. Branstad would review details and decide next week whether to call a special session. the plan aims to raise $887.7 million, lower top rates, raise standard deductions, and retain capital gains relief while maintaining deductibility of federal taxes.
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Azote
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Simon links debt and gulf to US economy
Senator Paul Simon spoke in Iowa City tying the national debt to U S dealings in the Persian Gulf and a large trade imbalance. He urged deficit action to lower interest rates, cited bond dependence on Japan and Saudi Arabia, and called for better language education and one lead trade agency.
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