It is hard to find anything positive to say about the corporate-income (i.e., profits) tax. Economists across the ideological spectrum agree that the corporate-profits tax is woefully inefficient:

1) It warps corporate decision-making, inducing expenditures made only to reduce a company's tax liability.

2) The compliance costs are astronomical, often exceeding 60 cents for every dollar of revenue that the government raises from taxing corporate profits. How would you like to spend $6,000 per year calculating that you owe Uncle Sam $10,000?

3) It fosters over-reliance on debt. Corporations often need to borrow money to replace funds that government taxed. In fact, the tax code encourages debt, making corporate debt tax-deductible.

The corporate-profits tax is also ethically problematic.

There is no doubt whatsoever that Republicans in this state have every reason to cheer, and Democrats have all the reasons in the world to grumble.

Republicans have a fired-up, angry base that can't wait to vote. The Democratic base is morose, embarrassed at its party's failures, and in no mood to even think about voting.

Numerous pollsters and prognosticators have pointed to the eerie similarities between the public's mood now and at the same point in the huge Republican year of 1994 -- the last time we had a Democratic president facing his first midterm election.

Bob Vander PlaatsStanding on the steps in front of the Iowa Judicial Building, former Republican gubernatorial candidate Bob Vander Plaats of Sioux City on Wednesday announced the launch of Iowa for Freedom, a campaign aimed at unseating three Iowa Supreme Court justices who were part of the unanimous Varnum V. Brien decision that legalized same-sex marriage in Iowa.

On "April 3, 2009, they clearly legislated from the bench by saying Iowa will be a same-sex-marriage state," said Vander Plaats, He added that the campaign is not only about marriage but about many issues, including gun rights, private-property rights, tax policy, educational choice, immigration laws, and business climate. "If we allow them to make law in this case, every one of our freedoms is up for grabs," he said.

Lois Deloatch"If you're gonna tell it, tell the truth and tell it all!" was an adage I heard often as a child growing up in rural North Carolina, where hard work, honesty, and generosity anchored our deep, abiding family and community values. Entering adulthood, I learned that living this seemingly simple conviction is much more complicated than the phase itself appears. "If you're gonna tell it" implies that you've made a choice, a conscious decision to speak truth, while "tell the truth" suggests that you have knowledge or understanding of what the truth is, that you know right from wrong and fact from fiction. Finally, "tell it all" reveals that the truth cannot be selective, and you cannot conveniently or deliberately omit facts or tell part of the story. When my siblings and I sometimes landed in trouble, as children often do, my mother admonished, "I don't care what you've done or how bad it seems, I need you to tell me the truth. I can deal with the truth, but there is nothing I can do with a lie!"

Rich MillerDemocrats throughout the country, and right here in Illinois, are pushing a two-pronged negative strategy to retain their hold on power in these uncertain times.

In an interview promoting his 2007 lecture at the Figge Art Museum, urban planner Jeff Speck promised that his ideas would be "controversial." He explained to me that "most cities, for better or for worse, are being designed by their public-works departments, who state as the highest objective the free flow of automobiles."

Three years later, the City of Davenport is on the cusp of approving a 10-year comprehensive transportation plan called "Davenport in Motion" that draws from the philosophy Speck promotes. The shock is that it's barely controversial at all.

It has been discovered by real-estate professionals at Think Big Work Small Daily (ThinkBigWorkSmall.com) that banks are refusing to modify mortgage loans because it is far more profitable to let mortgages default so that the Federal Deposit Insurance Corporation (FDIC), using taxpayer money, can reimburse the banks and financial institutions for their losses under special agreements struck during the "financial crisis."

A recent analysis of IndyMac's new owner, One West Bank, exposed the financial benefit to One West in letting mortgages go all the way to foreclosure rather than modifying the loans or allowing short sales of the properties -- selling the property for less than the amount owed on the loan.

Governor Pat Quinn was in rare form last week as he attacked state Senator Bill Brady before his Republican opponent had a chance to get his own licks in.

Quinn was put in an extremely awkward position by his budget director, who indicated to an out-of-state reporter that the state's income-tax rate would be increased to 5 percent from its current 3 percent come January. Democrats were predictably stunned by the political stupidity of such a thing, and Republicans were predictably foaming at the mouth with outrage. The virulently anti-tax Brady quickly scheduled a press conference and we all knew what was coming: unadulterated vitriol.

Iowa Republicans believe they can regain control of the Iowa House in the November election, although they agree with Democrats that the 16 seats left open because of retirements after the 2010 legislative session will play a key role in determining who will call the shots over the next two years.

Republicans note that they have the largest field of candidates since 1994 -- when they picked up 13 seats in the House -- and that 25 Republicans are running unopposed compared to just 11 Democrats.

"Republicans have a tremendous opportunity to win back the Iowa House, and the candidates we have give us a tremendous opportunity to win significant seats and knock on the door of winning back the Iowa Senate," said Republican Party of Iowa Chair Matt Strawn.

Two things you should know about the 2010 platform of the Iowa Republican Party:

(1) The document of some 12,000 words and almost 370 planks is a fascinating and provocative read. The work is a great candidate for any time capsule so people 100 or more years from now can see how their ancestors approached issues of public policy.

(2) The news media in general, and The Des Moines Register in particular, continue to ignore party platforms as irrelevant to the 2010 election.

The state convention of the Iowa GOP came and went with news coverage given to the nominations of Terry Branstad and Kim Reynolds for governor and lieutenant governor. Little or no news coverage was given to the GOP platform.

There seldom is.

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