Iowa tax surplus projection for 1949 legislature
Des Moines July 10 The Iowa Taxpayers Association projects that if state tax yields continue as in the past two years the 1949 legislature could face a surplus exceeding 72 million dollars compared with about 63 million in the last session. Joe L L Long, the group’s executive secretary, notes the figures are not estimates but calculations based on official records.
MENTIONED IN THIS ARTICLE
Des Moines
General Assembly
Iowa Taxpayers Association
Joel L. Long
Taxpayers Group
Tax policy dispute sparks debate over Iowa revenue
Officials clash over the necessity and amount of income tax increases amid claims of hidden receipts and optimistic deficit projections. The Iowa House critiques a Republican letter arguing budget danger while officials meet to curb spending and reassess the next biennium.
MENTIONED IN THIS ARTICLE
Republican State Central Committee
Iowa House
Iowa Tax Projection Faces Two Year Uncertainty
The ITA forecasts show a wide range of outcomes for 1947 to 1949 with receipts buoyed by use tax growth and a higher beer tax while federal tax changes could boost state income tax. Expenditures are slated to rise, leaving a projected end balance of about 72.4 million. The doubling of the income tax rate shapes political debate as Governor Blue weighs a special session.
MENTIONED IN THIS ARTICLE
Iowa
ITA
Leo Howe
Robert D. Blue
Turkey production and farmer income rise since the 1930s
Turkey output over the last three years averaged nearly three times the level of the early 1930s, and income to farmers from turkey farming rose to five to six times higher.
MENTIONED IN THIS ARTICLE
Turkey
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