Iowa lawmakers pass tax cut legislation, hailed as largest in state history
Iowa lawmakers passed a tax reform plan Saturday that included a major state income tax cut, hailed as the largest in state history.
"Giving money back to hard-working Iowans, that’s what this whole bill is all about. Simply (it) is that," said Republican Sen. Randy Feenstra.
The tax cut would eliminate an estimated 2 billion dollars in revenue over the next 6 years. Democrats have called the tax cut irresponsible at a time when the state is facing a budget crisis.
“This is madness! Iowans want leaders who will deal with Iowa’s budget responsibly,” said Democrat Sen. Nate Bolton.
The legislation also adds sales taxes to online purchases, streaming services such as Netflix and ride-share services like Uber. Republicans claim these taxes would pay for the bill’s tax cuts.
Democrats argue that this measure would hurt working and middle-class families who use these services.
The bill will now be sent to Gov. Kim Reynolds.
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