The Gov. in his great wisdom has proposed a revision in taxes that will lower the Commercial Taxes, and raise residential taxes. We cannot take any more residential taxes without severely hurting our economy. Our schools in Muscatine have a HIGH dropout rate, and our city keeps raising spending, What do the people of this discussion group think we should do?
I believe your premise is inoperative. The research I've done today indicates that both the Iowa Senate and House will tie any reduction in property taxes for business (including small businesses) to increases in Iowa revenue. In otherwords, after an initial reduction, any further reductions would be paid for by revenue increases, not by residential property tax increases. So the "problem" appears to already be solved or will in all probability be solved. The likelyhood that residential property tax increases will be needed to offset business property tax decreases appears to be miniscule. You can verify this yourself by a relatively easy search of the internet. Next talking point please!
I've asked before, unsuccessfully, how lowering taxes will increase tax revenue. Go through the math for me. If you lower the tax by X amount on an industry or individual and how do you get X amount of increased tax revenue?
