Great editorial on the Iowa budget

[rurallib]

http://gazetteonline.com/opinion/guest-columns/2010/03/21/the-shame-of-legislature%E2%80%99s-budget-choices

"The Iowa Legislature seems poised to balance next year’s budget on the backs of Iowa’s most vulnerable populations, while leaving subsidies to wealthy corporations largely untouched. This is shameful."
<<snip>>
"In the past five years, business tax credits have grown by an astonishing 117 percent. Meanwhile, corporations continue to exploit huge loopholes in our income tax law that allow them to shift profits out of state and avoid Iowa tax on those profits."
"Our lawmakers could take action to assure that those with the most resources share some pain to help those with the least. Instead, the Legislature would have the poor, the hungry and the victims of abuse bear the brunt of budget cuts in order to preserve tax breaks to profitable corporations."

Strongly recommend you read the whole editorial. Peter Fisher and the Iowa Policy Project are great resources for understanding what is really going on at the state level.

[progressoid]

1. Yes, great editorial.

Apparently we Iowans aren't immune from the scourge of corporatism that has afflicted DC. And Democrats don't seem to be interested in fighting either.