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Sen. Wieck: Calls for 10% tax cut
11/1/2007

Contact:  Senator Wieck
(712) 251-4586

DES MOINES – Today before a meeting of the Iowa Commercial Real Estate Association Senate Minority Leader Ron Wieck (R-Sioux City) called for a 10% tax cut for Iowa’s taxpayers.

“It has been 10 years since the last across the board tax cut for Iowa’s hard working families,” said Wieck.  “In 1997 Governor Branstad signed legislation that not only reduced taxes but spurred economic development.”

According to a recent report by the Public Interest Institute Iowa has seen sustained and prolonged growth in non-farm employment.  In fact employment in Iowa has grown by nearly 5 percent while growth in neighboring Illinois was less than 2 percent during the same time period.

“This study by the Public Interest Institute is clear evidence that shows by returning money to the taxpayers the economy grows,” stated Wieck.

Even though the tax burden on Iowa’s families were reduced by 10% a decade ago personal tax revenues continue to increase at a dramatic rate.  During the decade following the tax cut the average personal tax revenue collected by the state was $440 million, adjusted for inflation, more than the decade prior to the tax cut.

“During the last Legislative session Democrats increased the state budget by 10% without seriously considering tax relief to the millions of Iowans who deserve a break,” said Wieck.  “It is time for the taxpayers government to change philosophy and realize it is not their money but their constituents money.”


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