The U.S. House voted yesterday to exempt small lenders from regulations adopted in the 2010 financial reform bill commonly known as Dodd-Frank. All Republicans present and 73 Democrats supported the Small Business Credit Availability Act. The roll call shows that Democrat Leonard Boswell (IA-03) was one of the yes votes, along with Republicans Tom Latham (IA-04) and Steve King (IA-05). Democrat Bruce Braley (IA-01) voted against the bill, while Dave Loebsack (IA-02) was absent, attending President Barack Obama’s event in Iowa City.

Proponents assert that this bill would help farmers, manufacturers, and small and rural businesses secure loans. I’ve posted the official bill summary after the jump. It sounds like a leap of faith to assume that loosening regulations on small banks, savings associations, and credit unions will free up credit for small businesses.

The U.S. Postal Service would have to continue Saturday mail delivery for two more years and would face a one-year moratorium on closing rural post offices under a bill the U.S. Senate approved yesterday. Both of Iowa’s senators voted for final passage of the bill, although Republican Chuck Grassley had previously supported GOP efforts to block the legislation. More details on the postal reform bill and key Senate votes are after the jump.

This week’s wildflower is a favorite for many people I know. May apples typically bloom in May (hence the name), but this year flowers appeared several weeks early in central Iowa.  Also known as umbrella plants, these flowers are easy to spot, since they often grow in large colonies. A bunch of photos are after the jump.

This is an open thread. I’m not planning to write a separate post about First Lady Michelle Obama’s visit to Windsor Heights yesterday, or President Barack Obama’s speech at the University of Iowa today, so any comments about those events are welcome here. I would advise “fired up and ready to go” students to focus their volunteer energy on one of the competitive Iowa House or Senate races within striking distance of Iowa City.

Governor Terry Branstad released details from his 2011 tax return late last week. His income was down considerably from 2010 to a little more than $190,000. That’s still nearly four times the median household income in Iowa and puts Branstad in the top 5 percent of Iowa households by income level. The bulk of his income came from the salary for being governor ($116,131) and pension payments from his previous service in state government ($52,954).

Branstad’s tax bill was a bit of a head-scratcher: $17,777 in net federal taxes but only $52 in state taxes for 2011. Most Iowans pay way more than $52 in state taxes on income way below $190,000. Even more surprising, last year Branstad received a $369 refund on his state tax return despite reporting $313,663 in adjusted gross income during 2010.

The governor’s tax bill illustrates the inequities in Iowa’s tax code and the need for a more effective alternative minimum tax.

The Iowa legislature has passed a bill to create a public information board with the power to enforce open-records laws on local government entities.

Republican candidate John Archer has launched his second television commercial across Iowa’s new Congressional district. Follow me after the jump for the video and transcript.

Archer’s first television commercial ran for one night only on January 3. Last month his campaign ran a radio ad district-wide with a focus on gasoline prices and energy policy. Dan Dolan, the other Republican candidate in IA-02, has not placed any radio or television commercials but has spent a considerable amount on direct mail.

It’s a chilly and wet Earth Day in my corner of central Iowa, but I hope the Bleeding Heartland community is enjoying the weekend. Later today I hope to get out to pull up garlic mustard, an invasive plant from Europe that spreads easily and displaces native American plants.

This is an open thread: all topics welcome. After the jump I’ve posted the full audio from the Iowa Senate floor discussion of climate change on April 19, plus video highlights and excerpts from a Radio Iowa news account. State Senator Rob Hogg gave every senator a copy of this statement from Iowa faith leaders urging action to combat climate change.

Is Mitt Romney destined to become the presidential nominee least liked by his own party’s activists? Yesterday’s elections to the Republican Party of Iowa’s State Central Committee provided another clue that the answer is yes.

Iowa’s three representatives on the Republican National Committee were denied entry to a reception with Mitt Romney today after they refused to sign a “delegate pledge form.”

The U.S. House approved a bill yesterday to cut taxes by 20 percent for one year for companies with fewer than 500 employees. All the Iowans present voted for the legislation: Republicans Tom Latham (IA-04) and Steve King (IA-05) and Democrats Dave Loebsack (IA-02) and Leonard Boswell (IA-03). Bruce Braley (IA-01) was absent. His staff have not responded to my request for comment on how he would have voted.

The roll call shows that only 18 House Democrats supported this bill. Once again, Progressive Caucus member Loebsack joined Republicans and a small group of primarily Blue Dog Democrats. Bleeding Heartland has discussed this pattern in the context of Loebsack’s votes for a balanced budget constitutional amendment, to block non-existent EPA regulations on farm dust, to make it more difficult for the federal government to regulate small business, and to extend a pay freeze for mostly middle-class federal workers.

After the jump I enclose a statement from King and more details on the Congressional debate over small business tax cuts.

More than 50 religious leaders in Iowa have signed an appeal for “responsible precautionary action to limit global climate change.” I’ve posted below the full statement below with all the signatories, including Catholic Bishops Martin Amos and Richard Pates, United Methodist Bishop Julius Trimble, Lutheran Bishops Michael Burk and Michael Last, and Episcopal Bishop Alan Scarfe.

The faith leaders mention a recent warning to Iowa legislators from 44 scientists representing 28 Iowa colleges and universities. Unfortunately, even when Democrats controlled the state House and Senate, lawmakers did almost nothing to implement the Iowa Climate Change Advisory Council’s recommendations (pdf).

I enclose below State Senator Rob Hogg’s comments on the religious leaders’ statement. He is of the Iowa legislature’s strongest advocates of policies to combat climate change.

On a related note, the 2011 Iowa Farm and Rural Life Poll indicated that 68 percent of Iowa farmers believe climate change is happening, 5 percent do not believe it is happening, and 28 percent are not sure. About 45 percent of that survey’s respondents said human activities are partly or mostly responsible for changing climate patterns.

Representatives Steve King (R, IA-05), Tom Latham (R, IA-04), and Leonard Boswell (D, IA-03) want to know what the U.S. Department of Agriculture has done “to correct the public record and educate consumers about the safety” of lean, finely textured beef. It’s not the first time those politicians have decried the so-called “misinformation” campaign against what critics call “pink slime.” Bleeding Heartland has previously covered this controversy here, here, and here.

After the jump I’ve posted a press release from King’s office and the full text of yesterday’s letter to U.S. Secretary of Agriculture Tom Vilsack, signed by 29 U.S. House members. The letter and press release suggest that Vilsack has an obligation to help repair the image of Beef Products Inc. That company recently suspended operations at three of its four facilities that produce lean, finely textured beef. King is also seeking a Congressional inquiry into the “smear campaign against one of the stellar companies in the country” and has said he is “focused on helping BPI get their brand back and their market share back.”

UPDATE: On April 20, Representative Bruce Braley (D, IA-01) called for a Congressional investigation into “recent claims made in the media about lean, finely textured beef,” including people “on all sides of the issue.” More details are at the end of this post.

Yesterday all five Iowans in the U.S. House helped pass a bill that extends funding for federal transportation programs through September and requires approval of the Keystone XL pipeline project. The vote will lead to conference committee negotiations over a long-term authorization of the Highway Trust Fund and other programs.

Follow me after the jump for more on yesterday’s House vote and other transportation policy news. Younger Americans are increasingly choosing to get around without a car where alternatives to driving are available.

Catching up on some news from last week, the U.S. Food and Drug Administration has unveiled a “a voluntary strategy to promote the judicious use in food-producing animals of antibiotics that are important in treating humans.” The goal is to reduce human infections involving drug-resistant bacteria. Background and details on the new policy are after the jump.

I’m posting the mid-week open thread early today. What’s on your mind, Bleeding Heartland readers?

The wildflower of the week is Jack-in-the-pulpit, which has a distinctive shape when blooming.

Federal income taxes are due today for most Americans, unless you’ve filed for an extension like Mitt Romney. (What was he thinking?)

This thread is for any comments related to tax policy at any level of government. Follow me after the jump for links to news, facts and figures about taxes.

UPDATE: Added statements from Representatives Steve King, Dave Loebsack, and Leonard Boswell below. Loebsack and Boswell reference “equal pay day” rather than “tax day.”

This afternoon U.S. Senate Republicans blocked a bill to impose a minimum tax rate of 30 percent on taxpayers who collect at least $1 million in income. The motion received 51 votes in favor and only 45 against, but in the convoluted world of Senate procedure, Democrats needed 60 votes to approve a “motion to invoke cloture on the motion to proceed to consider” the bill. All but one Democrat voted for cloture, while all but one Republican voted against. Iowa’s Tom Harkin and Chuck Grassley split on party lines. Neither has issued a statement on today’s vote, but after the jump I’ve posted an excerpt from the “Q&A on taxes” in Grassley’s latest e-mail newsletter to constituents.

President Barack Obama and Senate Democrats plan to flog the “Buffett rule” repeatedly throughout the election year. A few samples of the preferred talking points on both sides are below, just after the Grassley commentary.

Left unsaid: we wouldn’t be having this debate if Congressional Democrats and/or the president had refused to extend the Bush tax cuts for the top income brackets in late 2010 (as most of them had promised to do during the Bush presidency).

Approximately 44 percent of Iowa workers earning less than $10 per hour have at least some college education, according to data compiled by Janelle Jones and John Schmitt of the Center for Economic Policy Research.  

While many Americans dread tax day, April 15 holds a silver lining for political junkies: the chance to read the latest federal campaign finance reports. Follow me after the jump for details on the money raised and spent by Iowa’s five U.S. House incumbents and five challengers between January 1 and March 31. Note: at this writing, Dave Loebsack’s primary challenger Joe Seng had not filed a quarterly report with the Federal Election Commission. I will update this post if one appears. He may not have raised enough money yet to trigger reporting requirements.

Click here for the latest voter registration numbers in Iowa’s four new Congressional districts.

I try to ignore the bogus controversies and fake outrage that dominate cable television news coverage, but the big to-do over Hilary Rosen saying Ann Romney “never worked a day in her life” is on my mind this weekend.