(VIDEO) Pass working family tax cuts FIRST

Statement by Senator Joe Bolkcom on the floor of the Iowa Senate

Senator Joe Bolkcom, chair of the tax-writing Ways & Means Committee, leads the effort for a commercial prop tax cut.

“Last year, as chair of the Senate Ways and Means Committee, my job was to cut taxes on working Iowa families.  I’m talking about EITC, the Earned Income Tax Credit.

“This is Iowa’s version of the federal earned income tax credit, the tax cut which was first signed into law by President Ronald Reagan.  This is a pro-family, pro-economic growth, pro-work tax cut.  It helps working families with children making less than $45,000 a year.

“When you cut taxes for these working families, the money won’t be spent on yachts, third homes or stashed in Swiss Bank Accounts.  Cut taxes for working Iowa families and they will use it to buy things from local Iowa businesses: things like milk, gas, pay for rent, fix their car, put food on the table.

“So, anyway, last year I felt ‘confident Iowa lawmakers will OK tax cut.’

“I was confident when this working family tax cut unanimously passed the House and Senate, but the Governor vetoed it.

“I was confident when we passed the working family tax cut a second time, but the Governor vetoed it again.

“Here’s what I’m confident about this year:

“This year I’m confident that no tax cut will pass the Senate Ways and Means Committee before the working families tax cut is passed for the third time by the Senate, is passed for the third time by the House, and finally signed into law by Governor Branstad.”

To watch a video of Senator Bolkcom on the senate floor go to: http://www.youtube.com/watch?v=pkl3mG-zIJs&feature=youtu.be