Gov. Branstad's proposed a big hike on the casino industry. He'd raise the tax on riverboat and racetrack casino's from the current 22 to 36%. the increased casino taxes would pay for a $200 million cut in Iowa's corporate taxes, which right now are 6% of state revenue. If approved, Iowa could have a gaming tax structure that closely resembling Illinois', which has one of the highest gaming tax rates in the country.
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