 | Fiscal Commission submission - Amendment Need |
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I made a submission to the Fiscal Commission yesterday - and had to resubmit because a regional VAT and Business Income tax with different rates for each region is considered unconstitutional, since excise rates must be uniform. This is definitely an area where an amendment is necessary, since a balanced budget requirement and automatically adjusting rates is the ideal incentive to stop pork barrel spending in its tracks. You can view the submission at http://iowafiscalequity.blogspot.com/2010/07/revised-submission-to-fiscal-commission.html |