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January 22nd, 2010

Roberts Moves to Eliminate Corporate Income Tax

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Written by: The Iowa Republican
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rrobertsRepublican gubernatorial candidate Rod Roberts filed a bill today in the Iowa House of Representatives to eliminate the state corporate income tax. Over the past several months of his gubernatorial campaign, Roberts has pledged to work toward eliminating the tax. Filing the bill in the Iowa House marks the first step toward the tax’s elimination.

Roberts says eliminating the state corporate income tax is necessary to solve Iowa’s job-loss crisis. Iowa’s unemployment rate of 6.7% is one of the state’s highest unemployment rates in 20 years, and over 110,000 Iowans are currently out of work. To make matters worse, John Morrell & Co. announced yesterday that it will be closing its plant in Sioux City. The closure will result in the loss of 1,450 more jobs.

“The closure of the John Morrell & Co. plant in Sioux City illustrates just how serious the unemployment situation in Iowa has become,” said Roberts, a five-term State Representative from Carroll. “Iowans need a bold solution to end the state’s job-loss crisis. By eliminating the state corporate income tax, not only will new businesses be drawn to the state for its lower taxes, but existing Iowa businesses will also be in a better economic position to add employees.”

The bill filed by Roberts will now likely proceed to the Ways and Means Committee in the Iowa House. Roberts hopes the committee will approve the bill quickly so that it can be debated before the full House of Representatives soon.

“Now is the time for leadership and action,” said Roberts, an Assistant Minority Leader in the Iowa House. “The closing of John Morrell & Co.’s plant in Sioux City is just the latest illustration of how bad Iowa’s unemployment crisis really is. We can fix this problem, but we must take action to create jobs. Now more than ever, eliminating the corporate income tax is the right thing to do.”

For more general information regarding Roberts’s gubernatorial campaign, please visit www.RobertsForGov.com.

Photo by Dave Davidson


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