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Omnibus Budget and Tax Package
House and Senate negotiators have released a bipartisan, bicameral omnibus budget and tax package for Congress to take up this week.
So far, I`m seeing a lot of good news in the tax side of the package.
A number of my initiatives were included.
There`s the inclusion of a five-year extension of the wind energy production tax credit, leading to a phase-down of the credit.
Included are my provisions to enhance Section 529 college savings plans.
You might remember that the President proposed getting rid of that program altogether.
The package includes many of my provisions to protect taxpayer rights in light of IRS scandals and poor customer service.
There`s a lot more that`s important to the families and job creators of Iowa and the rest of the country.
But I`m concerned about what`s missing on the budgetary side of the package.
For example, it doesn`t include anything to end the controversial EPA regulation that would turn 97 percent of Iowa land into a highly regulated waterway.
And there`s too much spending.
I`ll see if the good outweighs the bad overall in what the Senate is faced with voting on.
