New Generation Republican: 2-3-10 A bill to Kill Iowa Business
Excerpted from this post at New Generation Republican
I sat on a Senate sub-committee this morning that dealt with a bill that would create mandatory combined tax reporting for Iowa businesses. This issue has been around for many years, the idea is very complex but the outcome is clear, it raises taxes on business. Since we have a vast black hole in the budget this becomes another idea of generating more tax revenue.