Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

SENSIBLE WORDS ON TAX BREAKS FOR OLD FOLKS

April 26, 2006

From today's Des Moines Register editorial page:

It's fiscal madness to lower taxes on the fastest-growing segment of the population (the elderly) while shifting the burden onto the shrinking part of the population (young workers).

A demographic crunch is about to hit Iowa. The state will soon be starved for young workers. The last thing Iowa should be doing is increasing the burden on them.

Finally, if the Legislature is going to muck around with the income tax, it ought to take the time to do a comprehensive overhaul, not just single out one group for a quickie election-year giveaway.

Exactly.

Maybe there's hope yet for the Newspaper Central Iowa Depends Upon. If they can apply these standards to the Iowa Values Fund and the "economic development" pork cornucopia, we'll be making real progress.

      Bookmark: del.icio.us • Digg • reddit