ICYMI: Iowa Republicans Send Historic Tax Cuts to Governor Reynolds' Desk
The Des Moines Register | February 24, 2022
"Republicans have coalesced around one of their top legislative priorities — a massive income tax cut — just in time for Gov. Kim Reynolds to tout Iowa's conservative policies in a nationally televised address next week.
The Senate and House moved rapidly Thursday to pass the bill, House File 2317, which will lower Iowa's income tax rate to 3.9%, makes retirement income tax free and cuts the corporate tax rate.
'This bill rewards work, takes care of our farmers, and supports our retirees, all while protecting key state priorities,' Reynolds said in a statement. 'Iowans will reinvest these dollars in our economy, communities will prosper, and families will rest a little easier. Once again, we’re putting our faith in Iowans, and they won’t let us down.'
While Democrats accused Republicans of rushing the tax package, House Speaker Pat Grassley, R-New Hartford, said House Republicans were already making the tax cuts a priority, which they demonstrated by passing their own plan last week.
'We were already on the trajectory of being able to make early, significant tax relief,' he said.
Whitver said the most important thing for him was 'to put taxpayers at the table' right away, instead of waiting until the end of the session. He credited Reynolds for setting out the blueprint for the final tax plan in her address in January.
'She showed a tremendous amount of leadership from day one,' he said."
Read the full story here.