[iowamark]

http://www.iowapolitics.com/index.iml?Article=191565
“”Branstad Campaign: Unveils job creation initiatives
4/5/2010
Contact: Tim Albrecht (515) 276-2266

Branstad unveils job creation initiatives

Current commercial property tax rates higher than New York City, Chicago, Kansas City and Philadelphia

Iowa’s corporate income tax rate is highest in nation at 12 percent

(URBANDALE) – Speaking to a group of small-business owners and supporters in Ankeny this morning, former Gov. Terry Branstad rolled out job creation strategies designed to lure in new businesses, and to expand the payrolls of existing Iowa companies.

The policy document is found here: http://governorbranstad2010.com/assets/branstad-policy-rollout.pdf

The Midwest map comparison is found here: http://governorbranstad2010.com/assets/branstad-midwest-tax-comparison.pdf

Branstad’s goal is to create 200,000 new private-sector jobs in five years. To do this, Branstad says, we must reduce the tax burden on Iowa companies.

“Iowa’s business tax climate is one of the worst in the nation and is a serious impediment to job creation and economic growth,” Branstad said. “Before Iowa can hope to compete nationally and globally, we must first improve our relative competitiveness amongst our closest neighbors.”

To do this, Branstad has set the following goals as first steps towards creating 200,000 new jobs for Iowans: Reduce commercial property taxes in Iowa to less than the Midwest average, and cut Iowa’s corporate income tax rates in half.

According to a recent study (see attached PDFs), commercial property valued at $500,000 in Des Moines would pay more tax than similar property in New York City, Chicago, Kansas City and Philadelphia.

Iowa’s corporate income tax rate is 12 percent and is the highest marginal rate in the nation.

“Cutting commercial property taxes and corporate income taxes will not be easy, but is necessary in order to be competitive in recruiting news jobs and maintaining existing ones,” said Branstad.

For more information on the Governor Branstad 2010 campaign, please visit http://www.GovernorBranstad2010.com.”";

[HereInTheHeartland]

It’s getting time to decide who to support.

[Red Badger]

Hasn’t he heard? You RAISE taxes and magically more jobs appear.......................

[BelegStrongbow]

Doing this would be the most intelligent, useful and prudent thing any governor could do. The legislatures’ ability to hand out goodies to preferred individuals and companies would instantly end and their pursestrings would be drawn properly shut.

Hope it really happens.

[Rapscallion]

If you really want America to boom, to come back industrially, to have jobs and real wealth, cut capital gains taxes to 5%, open all exploration and drilling for oil, require shareholders to vote on executive compensation, and repeal the healthcare law.

[EternalVigilance]

I’m always for lower taxes. But why cut taxes only for the guys who write the big checks to Branstad?

[domenad]

Cut taxes to improve growth? I think an artery in my eye just ruptured.

[Jack Hydrazine]

He might be the next “Chainsaw Al”!