DES MOINES — Democratic gubernatorial candidate Fred Hubbell criticizes the very business tax incentives from which his companies have benefited, Iowa Republicans asserted Wednesday.
But that just shows he is willing to fix a tax system he deems broken, even if it means his businesses no longer will stand to gain, the Hubbell campaign responded.
Republicans Wednesday rolled out their latest charges against Hubbell. He faces Republican Kim Reynolds and Libertarian Jake Porter in November’s election.
Republicans said Hubbell is being hypocritical when he criticizes state tax incentives to businesses because they have benefited businesses that Hubbell formerly led. The GOP listed myriad tax incentives received over 40 years by Younkers, Dupont, Macerich and Voya Financial, companies for which Hubbell was an executive or board member.
Republicans also criticized him for his pledge to roll back some of the state income tax cuts passed into law this year.
“He has prospered. He has been very successful with the tax credit program,” Republican Sen. Randy Feenstra of Hull said at a news conference. “Yet for everyday Iowans, he says no.”
The Hubbell campaign said his concern is not over relief for low- or moderate-income Iowans, but that the cuts disproportionately benefit high wage earners.
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“It’s nice Republicans took the time today to talk about how Fred regularly advocates against his best interest and instead is solely focused on what’s good for all Iowans,” Hubbell campaign spokeswoman Remi Yamamoto said. “There are absolutely wasteful tax giveaways in the current tax system. Iowans know that, and Fred Hubbell knows that from identifying them almost a decade ago as part of a tax credit review panel.”
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