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IOWA STIMULUS
January 29, 2008
Now Iowa's politicians want to climb on the "economic stimulus" bandwagon. Legislative leaders and Governor Culver have come out for exempting the proposed federal "rebates" from Iowa income taxes. Legislative leaders want to do more:
"If we dump $200 million back into the pockets of Iowans, think what that would do for the Iowa economy," said Senate Minority Leader Ron Wieck, who was among legislators who called for the tax break. "I truly believe that we need to move forward on something that is large enough to affect the economy, and it needs to happen now."
If they have $200 million they don't need, it shouldn't take an economic downturn for them to give it back. Still, I'm all for taking money out of the hands of the legislators and giving it back to Iowans. I even have an idea where they can start.
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