Cedar Rapids Weather
Culver Seeks to Boost Pressure on Environment, Taxes
DES MOINES (AP) - Liberal church activists are calling for lawmakers to support Governor Culver's proposed changes to the state's corporate income tax law.
At a Statehouse news conference on Thursday, they urged lawmakers to close what Culver sees as a loophole that lets out-of-state companies report income from Iowa operations in other states that have lower tax rates. Culver estimates that changing the law would bring in $75 million a year. Chris Rehmann is with the Mid-Iowa Organizing Strategy, a coalition of church activists. He says closing the loophole will ``level the playing field for Main Street businesses.'' Culver's proposal has been declared dead by fellow Democrats who run the Legislature. His bottle proposal is also stalled. More Good Stuff |
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