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View Article  Iowa Values Fund Deal Appears To Be In The Works
Iowa Values Fund Deal Appears To Be In The Works

by Darrell Lewis

Gov. Vilsack has called a special session of the Iowa Legislature to deal with the debacle brought on by legislative Republicans.  Until today the word was that the Gov. called the session absent an agreement between himself and the Republican-controlled legislature.

The word out now is that Senate Republicans are signing off on a compromise offered by Governor Vilsack on the Iowa Values Fund, but only after the proposal was endorsed by a powerful business group

Senate President Jeff Lamberti said that since the Association of Business and Industry signed off on the plan, Senate Republicans would now follow suit. "I think they were waiting to see what ABI said - that was their biggest concern," Lamberti said of his fellow Senators.

"Senator Lamberti's frankness gives working families a rare peek behind the workings of the Iowa Republican Party,” said State Senator Mike Connolly of Dubuque. “Lamberti admitted that Republicans weren’t concerned about the impact of proposed legislation on injured workers, Iowa schoolchildren, college students and the tax burden on working families.”

“Instead, their only consideration was the opinion of a handful of business and industry people. meeting behind closed doors in downtown Des Moines,” Connolly said. “That is a slap in the face to thousands of hard-working Iowa families, students and seniors."  

Of course, this is no surprise to us.  We've been talking here for months now about the self interest/special interest Senate leadership.

Isn't it interesting as the election grows near, the radical right leadership in the Iowa Senate suddenly seems to be concerned about doing what is right, about doing what they could have done during the last legislative session.

This article first appeared on the Drury for Iowa Senate website.


For more on this story, click here.


View Article  Tax Burden Shifts to the Middle
Tax Burden Shifts to the Middle

WashingtonPost.com

Since 2001, Bush's tax cuts have shifted federal tax payments from the richest Americans to a wide swath of middle-class families, the Congressional Budget Office has found, a conclusion likely to roil the presidential election campaign.

The CBO study found that the wealthiest 20 percent, whose incomes averaged $182,700 in 2001, saw their share of federal taxes drop from 64.4 percent of total tax payments in 2001 to 63.5 percent this year. The top 1 percent, earning $1.1 million, saw their share fall to 20.1 percent of the total, from 22.2 percent.

Over that same period, taxpayers with incomes from around $51,500 to around $75,600 saw their share of federal tax payments increase. Households earning around $75,600 saw their tax burden jump the most, from 18.7 percent of all taxes to 19.5 percent.

The analysis, requested in May by congressional Democrats, echoes similar studies by think tanks and Democratic activist groups. But the conclusions have heightened significance because of their source, a nonpartisan government agency headed by a former senior economist from the Bush White House, Douglas Holtz-Eakin.

(more)


View Article  Kerry Slams Bush's Idea for a National Sales Tax
Kerry Slams Bush's Idea for a National Sales Tax

MercuryNews.com

MIDDLE CLASS WOULD FEEL BURDEN

John Kerry said Thursday that Bush's musing about a national sales tax is an insult to financially struggling voters and would amount to "one of the largest tax increases on the middle class in American history."

..."We know exactly who that's going to hurt," Kerry said. "That's going to hurt small business. It's going to hurt jobs. It's going to hit the pocketbooks of those who need and deserve tax relief most in America."

Bush has suggested that overhauling the tax code would be a second-term priority if he is re-[s]elected. While campaigning in Florida on Tuesday, he said replacing the income tax with a federal sales tax is "an interesting idea that we ought to explore seriously."

(more)


View Article  The Republican Education Budget Shell Game: How It Affects Iowa
The Republican Education Budget Shell Game: How It Affects Iowa


by Darrell Lewis

As a parent of two daughters who will be attending the University of Iowa next year, I must say I am totally fed up with Republicans crowing about how they have held the line on taxes.  It's nothing more then a shell game on their part and their antics are falling particularly hard upon parents in Iowa.

In the past four years, the actual general fund allocation has decreased by approximately $100 million dollars to the Iowa Board of Regents.  I am not just talking failure to keep pace with inflation, I am talking here about a real decrease in money to support education.  Because of this, Iowa universities have made national news for being among the public universities with the largest tuition increases nationwide.  Only the University of Wisconsin exceeds the tuition at the University of Iowa among all Big Ten Universities.

The tuition increases have resulted in increased revenue from students of approximately $200 million.  This was necessary to fill the gap of underfunding by the Republican legislature, Bush initiated Federal funding cuts and rising costs.  In spite of the tuition increases, professors have still been laid off at Iowa universities.  Here's the percentage increases for tuition:

2001-2002               10.0%
2002-2003               18.5%
2003-2004               17.6%
2004-2005                8.3%

That's right - in four years, the total tuition increase at the University of Iowa is approximately 60%.  (Each year's percentage increase must also be applied to prior years' percentages; thus the total increase exceeds the cumulative annual percentages....OK, I was a math major at ISU and get kind picky about these number things.)

Heck, lets get right to the bottom line......it means an additional $5,000 this year for my two daughters' tuition.  And heck, you have to add room and board increases to that.  For those of you without children in college, this means it is costing somewhere around $50,000 to send my two daughters to the University of Iowa this year.

I can't type here what I really think of all this and how Republicans are fleecing students and their parents in Iowa.....and then building rainforests, giving private school tax credits and giving the rich tax breaks......grrrrrrrrrrr...well, maybe the Marine with the pickup (scroll down) said it well enough for me.



This report originally appeared on the Drury for Iowa Senate website.

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