I am glad to see this, and want to know more details, but both parties can hopefully craft a compromise that deals with the issue.
This from CR Mayor Corbett, who likely is running for governor in 2018
"The glue holding together his unusual tax reform/water quality proposal is a potential one-cent state sales tax increase.
A three-eighths-cent share of that penny, more than $150 million annually, automatically would flow into a constitutionally protected natural resources trust fund created by voters in 2010. As much as $80 million would be spent on reducing agricultural runoff carrying nitrates and other pollutants into waterways. Corbett also would call on the private sector to provide a $40 million match.
The remaining five-eights, $216 million, would offset revenues lost through income tax reforms. Couple those bucks with the elimination of most deductions for Iowans earning more than $10,000, and Iowa’s tax rate would be cut from 8.98 percent, fourth-highest nationally, to below 3 percent. The state would collect the same total tax revenues."
http://www.thegazette.com/subject/o...dorman/corbetts-think-tank-has-ideas-20151117
This from CR Mayor Corbett, who likely is running for governor in 2018
"The glue holding together his unusual tax reform/water quality proposal is a potential one-cent state sales tax increase.
A three-eighths-cent share of that penny, more than $150 million annually, automatically would flow into a constitutionally protected natural resources trust fund created by voters in 2010. As much as $80 million would be spent on reducing agricultural runoff carrying nitrates and other pollutants into waterways. Corbett also would call on the private sector to provide a $40 million match.
The remaining five-eights, $216 million, would offset revenues lost through income tax reforms. Couple those bucks with the elimination of most deductions for Iowans earning more than $10,000, and Iowa’s tax rate would be cut from 8.98 percent, fourth-highest nationally, to below 3 percent. The state would collect the same total tax revenues."
http://www.thegazette.com/subject/o...dorman/corbetts-think-tank-has-ideas-20151117