The president of the Iowa Senate says he and other Republicans are anxious to reform AND cut Iowa INCOME taxes, but with about two-weeks of SCHEDULED work left in the 2017 legislative session, the task may be tabled ’til next year.
Senate President Jack Whitver of Ankeny says the delay is mainly because when state tax revenues started falling below expectations, it forced two rounds of cuts to state budget plans.
After decades of resistence from within the Republican Party, Whitver says it is possible G-O-P lawmakers will get rid of the deduction that lets Iowans subtract their FEDERAL income taxes from their STATE income tax liability. Only one other state has that deduction and it makes Iowa’s income tax rates APPEAR higher than they actually are.
