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Democratic Congressional Campaign Committee: Rep. Latham could have cost Iowa families $1,115 in tax cuts 4/14/2010 Representative Tom Latham Could Have Cost Iowa Families $1,115 in Tax Cuts A report released this week from the Citizens for Tax Justice shows that if Representative Tom Latham had his way, Iowa families would receive $1,115 less in tax cuts. The major tax cuts enacted under the American Recovery and Reinvestment Act, which Latham voted against, reduced federal income taxes for tax year 2009 for 98 percent of all working people. “As April 15th fast approaches, Iowa families in Representative Tom Latham’s district will remember how he opposed $1,115 in tax cuts under the Economic Recovery Act,” said Ryan Rudominer, spokesman for the Democratic Congressional Campaign Committee. “Representative Latham’s objection to significant tax relief while continuing to stand on the side of Wall Street special interests in these tough economic times proves yet again how out of touch Latham is with the pain of hardworking people.” BACKGROUND According to a new report released by the Citizens for Tax Justice, * 99 percent of working families and individuals in Iowa benefitted from at least one of the tax cuts signed into law by President Obama. * Working people in Iowa received $1,115 on average from these breaks. * These tax breaks benefitted working people at all income levels. [Citizens for Tax Justice] Representative Tom Latham voted against the tax cuts in the American Recovery and Reinvestment Act. [H.R. 1, #70, 2/13/09] |

