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Changing the Nation, One State at a Time
AFPTV // VIDEOS FROM AFP
In advance of President Obama’s planned visit, Americans for Prosperity – Iowa (AFP-IA) is urging the President to support proven energy policies, not more expensive, taxpayer-funded gimmicks like the wind energy tax credit.
“Iowans are tired of propping up politically favored industries while their gas prices soar and unemployment remains high,” said Mark Lucas, State Director of AFP-IA. “Twenty years ago, the wind power industry told us they only needed taxpayer support for a little while to help get them off the ground. Twenty years later, we’re still providing a $5 billion special tax subsidy each year for an industry that supplies just over 2% of our power.”
AFP-IA supports ending all special tax preferences for energy producers and instead allowing the free market to determine which companies succeed.
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The Iowa House of Representatives passed House File 2274 today that would introduce sweeping tax reform for all property taxpayers across the state.
“I applaud the members of the Iowa House for standing up for the taxpayer,” said Iowa State Director Mark Lucas. “This tax relief package will boost our economy and put more Iowans to work.”
Iowa commercial property taxes are paid on 100 percent of its valuation. That is one of the reasons the Tax Foundation ranked Iowa 41st in its business tax climate index. This measure would cut property taxes paid by businesses nearly in half over eight years. The bill also avoids residential property taxes from increasing by 73 percent over the next 10 years.
“This is a comprehensive tax relief package that is extremely fair,” says Lucas. “It provides relief to all taxpayers.”
On January 4, President Obama took the unprecedented step of declaring the Senate to be in recess — although the Senate considered itself to be in session — so that he could install several appointees in key positions at the Consumer Financial Protection Bureau (CFPB) and the National Labor Relations Board (NLRB).
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