• Business & Economy
  • Politics & Government
    • Campaign Countdown
      • 2012 Reports
  • Sports
  • High School Sports
    • Football Friday Night
    • Radio Iowa Poll
  • All Topics

Radio Iowa

Iowa's Radio News Network

  • Home
  • Audio Archives
  • Contact Us
  • Reporters
  • Affiliates
  • Affiliate Support
  • PostsComments
You are here: Home / News / Senator proposes “Branstad Rule” on income taxes

Senator proposes “Branstad Rule” on income taxes

April 24, 2012 By O. Kay Henderson

A Democrat in the Iowa Legislature says it may be time for a “Branstad Rule” since Governor Branstad revealed this past Friday that he paid just $52 in state income taxes in 2011.

Senator Rob Hogg, a Democrat from Cedar Rapids, supports getting rid of the tax break Branstad legally used to reduce his state income taxes.

“He earned $190,000 and his sum total of his state tax bill was $52,” Hogg said. “So some people talk about nationally we need a “Buffett Rule’. Maybe in Iowa we might need a Branstad Rule.”

President Obama and Democrats in congress have been pushing to raise taxes on wealthy Americans, arguing Omaha investor Warren Buffett pays a tax rate that’s less than his secretary pays.

Governor Branstad’s income has declined by more than $100,000 since his return to the governor’s office. His 2011 state tax bill was significantly reduced because of the state tax break that lets Iowans deduct what they paid in federal taxes before calculating their Iowa income tax liability. Senator Hogg said this shows it’s time for “comprehensive” tax reform.

“To me, it raises some questions about a fairness of a tax system where a person making $190,000 a year pays $52 in state income tax,” Hogg said.


Print pagePDF pageEmail page

Share this:

  • Twitter
  • Google
  • Facebook

Filed Under: News, Politics & Government Tagged With: Democratic Party, Republican Party, Taxes, Terry Branstad

Featured Stories

Appeals Court throws out murder verdict saying jury influenced by social media

Packing 40 years of memories, Iowan heads to Barbara Bush’s funeral

Governor approves new Iowa law on ‘food shaming’ and unpaid school lunch debt

Iowa Senate honors Wally Horn for 46-year legislative career

Clive massage therapist facing sexual assault charges

TwitterFacebook

Drake pitcher earns another Missouri Valley weekly award

Former Iowa State coach Earle Bruce dies at 87

Golfers tout economic impact on Iowa

Iowa NASCAR driver pays tribute to hockey team

Morris headlines women’s pole vault at Drake

More Sports

Tweets by @RadioIowa

eNews and Updates

Enter your email address:

Delivered by FeedBurner

RSS O.KayHenderson.com

  • Campaign surrogates: asset or liability? September 22, 2016
  • Proposed slate of 2016 RNC delegates from #IAGOP May 20, 2016
  • AUDIO: #IAGOP chairman talks about idea of ‘brokered’ convention March 18, 2016
  • @TerryBranstad statement on Obama nominating his cousin to SupCo March 16, 2016
  • ‘Substantial growth’ in voter registrations for both parties from #IACaucus March 15, 2016

Archives

Copyright © 2018 · Learfield News & Ag, LLC