Terry Branstad on Tax Reform

	Terry Branstad on Tax Reform

Reduce commercial & residential property tax

My primary focus remains on creating the jobs Iowa needs in order to poise the state for future growth, and property tax reform must be enacted this year.

For Iowa's employers, this is important as there should not be a choice between hiring another employee and paying the tax bill.

Failure to act on commercial property taxes, and failure to cap residential property taxes, will amount to a $1.3 billion tax increase during a time of economic uncertainty.

Source: 2011 Iowa Gubernatorial press release , Jun 12, 2011

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