Middle Class Tax Cut Plan
“This plan helps Iowa’s middle-class families. It is a sharp contrast to the tax cuts approved by the Legislature in previous years which have largely benefited the wealthiest Iowans,” said Senator Joe Bolkcom of Iowa City, Chair of the Senate’s Ways & Means Committee. “We intend to reward work and provide needed tax cuts to middle-class Iowa workers who are bearing the brunt of the national recession.”
Rep. Paul Shomshor of Council Bluffs, Chair of the House’s Ways & Means Committee, said there are many reasons why the Legislature should move this year to approve this tax reform.
“First, it will boost efforts by Iowa communities to attract good-paying jobs to our state. Second, it will make our tax system more simple and fair for Iowans,” Shomshor said. (more…)