The Iowa Brigade: Democrats to eliminate Iowans' largest tax deduction
Excerpted from this post at The Iowa Brigade
To feed their insatiable appetite for spending and increased government, Democrats today rolled out their plan to eliminate Iowans' largest tax deduction, federal deductibility. "At a time when Republicans are standing for truth and transparency, liberals are trying to trick Iowans into believing they're going to get a tax cut," said House Republican Leader Kraig Paulsen (R-Hiawatha). "In reality, this is a major tax increase." Because of the Democrats' plan, beginning in 2010 when the federal tax cuts expire, middle class Iowans see will more than a $100 jump in their state tax bills.