(See original post)
by Matt Buhrman 04.14.2010
We spoke with Congressman Dave Loebsack regarding a report from Citizens for Tax Justice.
OTTUMWA, IOWA -- Tax Thursday is upon us. Federal income taxes are due each April 15th.
According to a new report from Citizens for Tax Justice, President Obama cut taxes with the American Recovery and Reinvestment Act. The report shows that in Iowa, taxes were cut for 99 percent of working families last year...including the top one percent. The breakdown by income level can be found in the CTJ report.
On Wednesday, we spoke with U.S. Congressman Dave Loebsack (D-Iowa) by phone from the U.S. Capital.
"Folks are hurting. The recession has taken its toll. I think we've got to continue to enact tax credits when we have the opportunity to do it. And we can strengthen Iowa pocketbooks and also make sure that we can inject demands back into the economy. We've got to get the economy moving. And certainly this is one way we can do it," Representative Loebsack said.
Working people in Iowa received over $1,100 on average from these tax breaks, according to the CTJ report.
The Congressman said that these cuts, in addition to the Making Work Pay Credit, should help to mitigate the economic downturn.
"In the middle of all this other discussion going on out there, keep in mind that in the Second District of Iowa, 221,000 families alone are benefiting from this Making Work Pay tax credit that we passed last year. It's very, very important," Representative Loebsack said.
Loebsack is scheduled to host a "Telephone Townhall" next Monday, April 19th, at 7 PM to hear your feedback on issues of concern. Citizens are encouraged to sign up at the website for Congressman Loebsack.