The 2018 Iowa legislative session starts Monday, and Republican legislators who control the debate agenda have placed tax cuts at the top of their to-do list. Republican Governor Kim Reynolds plans to outline her own “broad ideas” on tax policy next Tuesday. That’s when she delivers her “Condition of the State” speech to legislators.
By revealing guideposts rather than a detailed plan, Reynolds says that will give G-O-P lawmakers time to test and develop components of a comprehensive tax package.
A 43-page memo prepared for Republicans in the Iowa Senate was obtained by the “Bleeding Heartland” blog. It outlined a wide-ranging tax plan that included reducing income tax rates for individual Iowans, cutting the state’s corporate tax rate and phasing out the STATE inheritance tax.
