Tax day links and discussion thread

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.”

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Harkin yes, Grassley no on considering "Buffett rule"

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).

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Iowa Congressional 1Q fundraising news roundup

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.

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Teen births drop nationwide and in Iowa

The U.S. teen birth rate reached “a historic low in 2010,” according to data released by the U.S. Centers for Disease Control this week. Iowa was among 47 states where the birth rate for teenagers fell significantly from 2007 to 2010, and Iowa’s rate of 28.6 births per 1,000 teenagers was ranked 34th nationwide. More details are after the jump.

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Iowa joins antitrust suit over e-book price-fixing

Iowa Attorney General Tom Miller was one of 16 state attorneys general to file a federal antitrust lawsuit yesterday against Apple Inc. and three major U.S. publishers. The complaint alleges that the publishers and Apple conspired to raise prices on electronic books, causing consumers to be overcharged by more than $100 million. The U.S. Department of Justice filed a similar lawsuit against Apple and two publishers in a different federal court.

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175 Chickens in 1 Minute?!

(Click here for background on this policy change. A lot of poultry inspectors don't like the idea. - promoted by desmoinesdem)

You’d think the USDA would see the flaw of logic in letting the people who make the food inspect the food and decide if it is actually safe to eat.

The USDA has decided in its infinite wisdom, despite pink slime and a few other debacles of the food industry, to test a program allowing chicken companies to check their own livestock and decide whether or not the chickens are safe to eat.

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Lean finely textured beef/"pink slime" linkfest

Competing rallies about lean finely textured beef took place on the Iowa State University campus yesterday. Governor Terry Branstad, Lieutenant Governor Kim Reynolds, and Representative Steve King were among the speakers at a rally supporting continued use of the additive used in some ground beef. Before that event, some family farmers joined activists at a rally to “to protest the collusion between industrial meat production and our political system.”

It’s time for a new Bleeding Heartland thread about lean finely textured beef, known to detractors as “pink slime.” A dozen links to news and commentary about this controversy are after the jump.

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Branstad endorses Romney, Santorum drops out

I thought Governor Chet Culver was late to the party when he endorsed Barack Obama a month after the 2008 Iowa caucuses. At that time it was still unclear who would prevail in the Democratic primaries. In contrast, there’s no suspense left in this year’s GOP nominating process. Governor Terry Branstad finally declared today that Republicans should “coalesce around one candidate.”

Meanwhile, Rick Santorum is holding a press conference this afternoon to announce that he is ending his presidential campaign.

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Iowa Senate approves education reform bill

The Iowa Senate approved a broad education reform bill yesterday on a party-line vote of 26 to 24. Details on Senate File 2284 and the floor debate in the upper chamber are after the jump.

I’ve also included the latest news on efforts to stop Iowa school districts from starting the academic year before September 1. If state lawmakers don’t act on that proposal, Governor Terry Branstad may try to force the issue.

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