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States coping with budget crises: compare and contrast

February 17, 2009

Rhode Island:

Rhode Island Governor Calls for Repeal of Corporate Tax, Estate Tax ($link)

Minnesota:

The Governor’s 21st Century Tax Reform Commission released its final report on Friday, calling on Minnesota to repeal its corporate income tax and take other steps to reduce the state’s business-tax burdens. (Minneapolis-St. Paul Business Journal

Iowa:

-Proposal bumps the state's gas tax by 8 cents

-The Iowa Senate approved legislation Monday aimed at strengthening Iowa's wage discrimination law and beefing up penalties against businesses that violate it.

-Lawmakers heard Monday from business owners and others affected by a fast-moving and controversial labor bill that would set minimum standards for wages and benefits paid to workers on public projects. (all from dmregister.com)

So -- what approach is more likely to lead to job growth: repealing corporation taxes, or raising taxes and imposing economically nonsensical pricing regulations and additional lawsuit risks on businesses and municipalities? Take your time.

Tags: Iowa tax policy.

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