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"It's just not fair that big, out of state, multi-billion dollar corporations that do tens of millions of dollars of business in Iowa avoid paying Iowa income taxes because of an outdated tax loophole."
-Chet Culver in his annual address to the legislature.
"I've been given quite a bit of confidential information by Microsoft"
-Rep. Phil Wise (D, Keokuk), discussing a plan to give millions of taxpayer dollars to a company with with a market capitalization of $263 billion, and which is sitting on $19 billion in cash.
So - the Governor and the legislative majority are wanting to raise taxes on wealthy out-of-state corporations to give money to wealthy out-of-state corporations. After doing the same thing last year for Google. And they can't share the information with the rest of us, who will be paying for it, because we just really don't need to know about what they're doing for our own good because we'd just screw it up.
In Iowa, we have a bipartisan consensus: economic development = taxing all, bribing some. And it will make Iowa the "Silicon Valley of the Midwest."
Right. And Governor Culver will be the Arnold Schwarzenegger of the Plains.
State 29 has more, with better visuals.
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