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MILLIONS FOR MICROSOFT, DIDDLY FOR YOU
March 14, 2008
We reported that the budget hit to Iowa of coupling Iowa's depreciation and Section 179 rules with the federal "stimulus" package would be about $33 million. Now we see from Tax Analysts ($link) that it's $13.5 million.
Compare that to carpetbagging Google, which by one account has received tax breaks from Council Bluffs alone worth up to $48 million, not counting their state sales tax exemption; or to Microsoft, which will receive an identical bribe.
That's our Legislature: a banquet to big, well-lobbied clients, but not even a bone to your business or your employer.
• Eye on the Legislature, 2008 ~ • Iowa Bonus Depreciation Bookmark: del.icio.us • Digg • reddit
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