“Iowa is not in a recession. Iowa is experiencing slow revenue growth because the policies of Governor Reynolds and legislative Republicans are out of whack. Delaying tax refunds for Iowa families and other gimmicks will not solve this budget mess. Republicans must stop showering tens of millions on large tax giveaways to out-of-state corporations. These tax giveaways now top $500 million annually and are the fastest growing part of the state spending.
Bolkcom: “The Republican proposal unveiled today sends the wrong message about the future of our state. The budget slashing by Governor Branstad, Lt. Governor Reynolds and Republican legislators leaves the fastest growing part of the state budget off the table: excessive tax credits. It is time to drain the swamp.”