FEENSTRA WANTS TO PREVENT TAX DOLLARS TO IRAN
U.S. Rep. Randy Feenstra helped introduce a bill which would prevent the U.S. Department of the Treasury from authorizing financial transactions to Iran. The bill, authored by U.S. Rep. Bill Huizenga of Michigan, would also prevent the U.S. Department of the Treasury from authorizing financial transactions to Iran, prohibit the International Monetary Fund from offering financial aid to Iran, and ban the Export-Import Bank from financing the Iranian government. Iran is seen as the financial supporter of terrorism in the Middle East. The bill comes after the terrorist organization Hamas attacked Israel.
FATAL HIT AND RUN
Two people were killed in a two vehicle crash Friday night along Wesley Parkway. Sioux City police responded to the intersection of 6th Street and Wesley Parkway at 9:11 p.m.
Authorities say a Ford Expedition was traveling westbound on 6th at a high rate of speed and ran a red light.
A Ford Fusion, traveling northbound on Wesley Parkway, was struck by the Expedition and both vehicles left the roadway and struck a traffic signal pole.
The driver and passenger in the Fusion were fatally injured in the crash. The driver of the Expedition fled the scene on foot and has not been located.
IOWA’S BEST PORK TENDERLOIN
A Manning, Iowa restaurant finished first, and an Orange City restaurant second, in the latest contest to find the best breaded pork tenderloin in Iowa. Cliff’s Place in Manning was chosen as the winner of the 21st annual contest, put on by the Iowa Pork Producers Association. Cliff’s Place has been in business, in the same family since 1976. They won a 500 dollar prize, a plaque, and a banner to display. This year’s runnerup was The Roadhouse in Orange City. They receive a 250 dollar prize and a plaque. The other three finalists are in Duncombe, Harpers Ferry and Jamaica, Iowa.
AIR GUARD TANKER LANDS ON ITS NOSE
An Iowa Air National Guard K-C-135 Stratotanker landed on its nose Wednesday at the Sioux City Gateway Airport when the nose gear did not come down. Airport manager Mike Collett says it happened around 2:30 during training for “touch and go” landings.
He says no commercial flights were missed at the airport. Collett says the airport staff helped the 185th Wing take care of the aircraft.
A spokesman for the 185th Air Refueling wing says there were five crewmembers on board and no one was injured. There was some damage to the nose of the aircraft. The 185th is investigating why the nose gear did not come down.
TAX CUTS WILL LEAD TO 1% DROP IN TAX PAYMENTS
State officials are predicting tax PAYMENTS to the State of Iowa will drop by a little less than one percent during the current budgeting year due to previously approved tax CUTS. Iowa Department of Management director Kraig Paulsen is the governor’s top budget advisor.
The top state income tax rate was reduced 10 months ago and there will be another reduction January 1st. Corporate income taxes have been cut, too, but collections from that source will increase.
Jennifer Acton of the Legislative Services Agency says global turnmoil as well as Iowa drought conditions and the state’s aging workforce are concerns.
Acton and Paulsen are members of the state’s Revenue Estimating Conference, which met Thursday. The group predicts state tax collections in the NEXT state fiscal year will drop one-point-eight percent. Senator Janet Petersen, a Democrat from Des Moines, says the report shows state tax revenue won’t be able to keep up with the corporate tax cuts and private school spending Governor Reynolds has approved.
