Iowa Republicans announce tax cut plan
DES MOINES (AP) — Republicans in the Iowa Legislature have announced in a late Friday email that they’ve reached an agreement to overhaul the state’s tax system and cut taxes.
Gov. Kim Reynolds says in a press release sent after 5 p.m. that she and other top Republican lawmakers made a “historic” deal that would include cutting individual income taxes and some corporate taxes.
Reynolds’ office says a bill is not available for the public to review because it is still being finalized.
Republicans with control of the statehouse have been working behind closed doors to finalize a tax plan along with the next state budget. The press release sent Friday does not provide enough information on the plan’s full cost.