Text: SCR00115 Text: SCR00117 Text: SCR00100 - SCR00199 Text: SCR Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 SENATE CONCURRENT RESOLUTION NO. ___
1 2 BY McKIBBEN
1 3 A Concurrent Resolution requesting the congressional
1 4 delegation of the State of Iowa to work to make the
1 5 federal tax cuts permanent.
1 6 WHEREAS, each year President George W. Bush has
1 7 proposed and Congress has enacted a tax cut designed
1 8 to strengthen the American economy and increase
1 9 employment opportunities for working families; and
1 10 WHEREAS, tax cuts signed into law reduced income
1 11 taxes for all taxpayers, eliminated the marriage
1 12 penalty and death tax, increased the child credit
1 13 rebate and business expensing, expanded individual
1 14 retirement accounts, and cut the double taxation of
1 15 dividends and capital gains; and
1 16 WHEREAS, economic growth stemming from the latest
1 17 tax cut accelerated at its fastest rate in 20 years in
1 18 the third quarter of 2003; and
1 19 WHEREAS, provisions set forth in the tax cut are
1 20 set to expire starting in 2005 and will be completely
1 21 phased out by the year 2012; and
1 22 WHEREAS, expiration of the existing tax cuts will
1 23 increase taxes by 50 percent for lower-income
1 24 families, the child credit will fall by 50 percent,
1 25 the marriage penalty will be reinstated, education
1 26 savings will be taxed, retirement savings will shrink,
1 27 and every taxpayer will face an income tax increase;
1 28 and
1 29 WHEREAS, expiration of the existing tax cuts will
1 30 result in the largest tax increase in American history
2 1 and will stifle economic growth; and
2 2 WHEREAS, making all the tax cuts permanent will
2 3 allow taxpayers to feel more confident investing in
2 4 their child's college education or saving for
2 5 retirement, all while ensuring increased economic
2 6 growth; NOW THEREFORE,
2 7 BE IT RESOLVED BY THE SENATE, THE HOUSE OF
2 8 REPRESENTATIVES CONCURRING, That the General Assembly
2 9 of the State of Iowa requests our elected
2 10 representatives and senators in the United States
2 11 Congress to support and vote to make President Bush's
2 12 tax cuts permanent; and
2 13 BE IT FURTHER RESOLVED, That copies of this
2 14 Resolution be transmitted to the members of Iowa's
2 15 Congressional delegation.
2 16 LSB 6994SS 80
2 17 sc/pj/5.1
Text: SCR00115 Text: SCR00117 Text: SCR00100 - SCR00199 Text: SCR Index Bills and Amendments: General Index Bill History: General Index
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