Cedar Rapids Gazette in Cedar Rapids, Iowa

Ruml Tax Plan Favored by Executives Over Twin Cities Plan

Fortune magazine reports 58.1 percent of U S business leaders prefer Ruml's plan abolishing corporate taxes and relying on income taxes for 72 percent of revenue, while 41.9 percent favor the Twin Cities approach. Respondents see sales taxes as more harmful than income tax shifts and expect varied corporate reactions such as hiring or wage changes.