Thursday, June 9, 2011

Cities Not Liking GOP Tax Cuts for Business

The state GOP plan to cut commercial and industrial property taxes by 25% over 5 years has some city governments', including Des Moines, crying foul. Local governments say this plan would force them into a bad choice: higher residential property taxes or deep cuts in critical services. The Des Moines Register says the tax cuts would lower state revenue by $347 million at the end of 5 years, and another $14-million in revenue reductions.

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