DES MOINES – State Senator Rob Hogg today urged the Iowa Legislature to consider a “Branstad Rule” to make Iowa’s state income tax system more fair. Over the weekend, Governor Branstad reported that he only paid $52 in state income taxes in 2011 despite an income of more than $190,000.
In a short statement on the floor of the Iowa Senate, Senator Hogg encouraged Iowans to compare their income and state income taxes with Governor Branstad’s
“The fact that Governor Branstad only paid $52 in state income taxes while earning more than $190,000 shows that our state income tax system is unfair,” Hogg said. “It is wrong that a person making $190,000 a year pays less income tax than most Iowans earning between $30,000 and $40,000.”
According to the Iowa Department of Revenue, the average tax bill for people earning between $30,000 and $40,000 in adjusted gross income was $1,008.
Last year, Governor Branstad twice vetoed an increase in the earned income tax credit for working families. “Governor Branstad paid less state income tax than most working families who would have benefited from the earned income tax credit that he vetoed,” Hogg said.
Like the proposed national “Buffett Rule” to make sure millionaires pay as much federal income tax as their secretaries, Hogg called for a “Branstad Rule” to make sure taxpayers like Governor Branstad contribute at least as much to schools and public safety as working families.