Tax cuts

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Republican Governor Kim Reynolds is proposing raising the state sales tax and cutting income taxes as one of her legislative priorities for 2020. 

Reynolds announced the plan today in her condition of the state address

 “These investments will not only aid our conservation efforts, they will improve our quality of life and help us retain and recruit a new generation of Iowans.” 

  

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In her condition of the State address this morning, Iowa Gov Kim Reynolds is asking lawmakers to consider increasing the state sales tax by 1 cent to fund increased spending on water quality, the environment, and mental health care programs. 

To offset the tax increase she's proposing an income tax cut of 10% and a property tax cut. 

She would also like to raise the limit for the childcare tax credit from 45 thousand to 90 thousand dollars, and she will ask for unique childcare ideas.

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Iowa Governor Kim Reynolds delivered her condition of the state address this morning at the Iowa State House. Reynolds unveiled the “Invest in Iowa Act”.  The move would increase the sales tax by one percent and lower others.

“I’m proposing to cut income tax by an additional 10 percent for almost every Iowan, with lower-income Iowans receiving as much as a 25 percent cut.” 

Reynolds also proposes reducing county property taxes.  The state would help pick up the cost of mental health services. 

The Exchange, May 9, 2018, Legislative Wrap Up

May 9, 2018

Legislative show 050918

Welcome to The Exchange on Siouxland Public Media, I’m Mary Hartnett.  The 2018 Iowa Legislative Session wrapped up on Saturday, two weeks overdue.  This was another historic year for Republican lawmakers who control the House and the Senate.  They passed a major tax overhaul, an abortion bill that is the strictest in the nation, and.

With me to discuss the session are four Siouxland area lawmakers.

Democrat Chris Hall of Sioux City represents the 13 House District.